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      <regStreet1>50 South LaSalle Street</regStreet1>
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      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>800-595-9111</regPhone>
      <seriesName>Northern Small Cap Value Fund</seriesName>
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      <repPdEnd>2021-03-31</repPdEnd>
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        <lei>549300UF3OLBJ8D5K349</lei>
        <title>Primoris Services COM</title>
        <cusip>74164F103</cusip>
        <identifiers>
          <isin value="US74164F1030"/>
          <ticker value="PRIM"/>
        </identifiers>
        <balance>102299</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1816830.24</valUSD>
        <pctVal>0.0800085935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clearwater Paper Corporation</name>
        <lei>549300HCVV19GXN4P292</lei>
        <title>Clearwater Paper Corporation COM</title>
        <cusip>18538R103</cusip>
        <identifiers>
          <isin value="US18538R1032"/>
          <ticker value="CLW"/>
        </identifiers>
        <balance>27945</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1009652.85</valUSD>
        <pctVal>0.0444625495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saga Commns Inc</name>
        <lei>N/A</lei>
        <title>Saga Commns Inc CL A NEW</title>
        <cusip>786598300</cusip>
        <identifiers>
          <isin value="US7865983008"/>
          <ticker value="SGA"/>
        </identifiers>
        <balance>8533</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218444.8</valUSD>
        <pctVal>0.0096197547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hollysys Automation Technologies</name>
        <lei>N/A</lei>
        <title>Hollysys Automation Technologies COM STK USD0.0001</title>
        <cusip>G45667105</cusip>
        <identifiers>
          <isin value="VGG456671053"/>
          <ticker value="HOLI"/>
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        <balance>102429</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1362305.7</valUSD>
        <pctVal>0.0599924861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Echo Global Logistics, Inc.</name>
        <lei>N/A</lei>
        <title>Echo Global Logistics, Inc. COM</title>
        <cusip>27875T101</cusip>
        <identifiers>
          <isin value="US27875T1016"/>
          <ticker value="ECHO"/>
        </identifiers>
        <balance>111935</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2420034.7</valUSD>
        <pctVal>0.1065721872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iridium Communications, Inc.</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>Iridium Communications, Inc. COM</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
          <ticker value="IRDM"/>
        </identifiers>
        <balance>272699</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6937462.56</valUSD>
        <pctVal>0.3055082470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retail Opportunity Investments Corp</name>
        <lei>N/A</lei>
        <title>Retail Opportunity Investments Corp COM</title>
        <cusip>76131N101</cusip>
        <identifiers>
          <isin value="US76131N1019"/>
          <ticker value="ROIC"/>
        </identifiers>
        <balance>45039</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>510291.87</valUSD>
        <pctVal>0.0224719591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barnes Group Inc.</name>
        <lei>G1MSYD2DQZX30V5DMX12</lei>
        <title>Barnes Group Inc. COM</title>
        <cusip>067806109</cusip>
        <identifiers>
          <isin value="US0678061096"/>
          <ticker value="B"/>
        </identifiers>
        <balance>135314</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5353021.84</valUSD>
        <pctVal>0.2357334983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barrett Business S</name>
        <lei>529900HXB6TMG0SR9Y34</lei>
        <title>Barrett Business S COM</title>
        <cusip>068463108</cusip>
        <identifiers>
          <isin value="US0684631080"/>
          <ticker value="BBSI"/>
        </identifiers>
        <balance>31542</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1675826.46</valUSD>
        <pctVal>0.0737991448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAR Auction Servic</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>KAR Auction Servic COM</title>
        <cusip>48238T109</cusip>
        <identifiers>
          <isin value="US48238T1097"/>
          <ticker value="KAR"/>
        </identifiers>
        <balance>217884</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2998083.84</valUSD>
        <pctVal>0.1320280045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northwest Bancshar</name>
        <lei>549300RLPDJH5V5UHQ32</lei>
        <title>Northwest Bancshar COM</title>
        <cusip>667340103</cusip>
        <identifiers>
          <isin value="US6673401039"/>
          <ticker value="NWBI"/>
        </identifiers>
        <balance>532440</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5444199</valUSD>
        <pctVal>0.2397487090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group, Inc. COM</title>
        <cusip>12621E103</cusip>
        <identifiers>
          <isin value="US12621E1038"/>
          <ticker value="CNO"/>
        </identifiers>
        <balance>710791</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11067015.87</valUSD>
        <pctVal>0.4873632958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vishay Precision G</name>
        <lei>N/A</lei>
        <title>Vishay Precision G COM</title>
        <cusip>92835K103</cusip>
        <identifiers>
          <isin value="US92835K1034"/>
          <ticker value="VPG"/>
        </identifiers>
        <balance>21224</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521685.92</valUSD>
        <pctVal>0.0229737241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Independent Bank Corp Michigan</name>
        <lei>N/A</lei>
        <title>Independent Bank Corp Michigan COM NEW</title>
        <cusip>453838609</cusip>
        <identifiers>
          <isin value="US4538386099"/>
          <ticker value="IBCP"/>
        </identifiers>
        <balance>37040</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550044</valUSD>
        <pctVal>0.0242225420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sabra Health Care REIT, Inc.</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>Sabra Health Care REIT, Inc. COM</title>
        <cusip>78573L106</cusip>
        <identifiers>
          <isin value="US78573L1061"/>
          <ticker value="SBRA"/>
        </identifiers>
        <balance>667666</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9634420.38</valUSD>
        <pctVal>0.4242754257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walker And Dunlop</name>
        <lei>N/A</lei>
        <title>Walker And Dunlop COM</title>
        <cusip>93148P102</cusip>
        <identifiers>
          <isin value="US93148P1021"/>
          <ticker value="WD"/>
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        <balance>64478</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3276127.18</valUSD>
        <pctVal>0.1442723277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Bancorp Puerto Rico</name>
        <lei>N/A</lei>
        <title>First Bancorp Puerto Rico COM NEW</title>
        <cusip>318672706</cusip>
        <identifiers>
          <isin value="PR3186727065"/>
          <ticker value="FBP"/>
        </identifiers>
        <balance>913604</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5107046.36</valUSD>
        <pctVal>0.2249013623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIG Lots Inc</name>
        <lei>N/A</lei>
        <title>BIG Lots Inc COM</title>
        <cusip>089302103</cusip>
        <identifiers>
          <isin value="US0893021032"/>
          <ticker value="BIG"/>
        </identifiers>
        <balance>66015</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2772630</valUSD>
        <pctVal>0.1220995895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boyd Gaming Corporation</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>Boyd Gaming Corporation COM</title>
        <cusip>103304101</cusip>
        <identifiers>
          <isin value="US1033041013"/>
          <ticker value="BYD"/>
        </identifiers>
        <balance>45075</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>942067.5</valUSD>
        <pctVal>0.0414862622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brandywine Realty Trust</name>
        <lei>5UZ46ZCYUFYYAC0DS831</lei>
        <title>Brandywine Realty Trust SH BEN INT NEW</title>
        <cusip>105368203</cusip>
        <identifiers>
          <isin value="US1053682035"/>
          <ticker value="BDN"/>
        </identifiers>
        <balance>360005</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3920454.45</valUSD>
        <pctVal>0.1726468656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Buckle</name>
        <lei>5299007IU0461T3GDL34</lei>
        <title>Buckle COM</title>
        <cusip>118440106</cusip>
        <identifiers>
          <isin value="US1184401065"/>
          <ticker value="BKE"/>
        </identifiers>
        <balance>83287</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1305940.16</valUSD>
        <pctVal>0.0575102908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTS Corporation</name>
        <lei>549300YV1HQLBVHOI649</lei>
        <title>CTS Corporation COM</title>
        <cusip>126501105</cusip>
        <identifiers>
          <isin value="US1265011056"/>
          <ticker value="CTS"/>
        </identifiers>
        <balance>385248</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7720369.92</valUSD>
        <pctVal>0.3399855005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Callaway Golf Co</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>Callaway Golf Co COM</title>
        <cusip>131193104</cusip>
        <identifiers>
          <isin value="US1311931042"/>
          <ticker value="ELY"/>
        </identifiers>
        <balance>522363</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9146576.13</valUSD>
        <pctVal>0.4027920029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Paso Electric Company</name>
        <lei>OZ8GM8L4AHPKSWZMW205</lei>
        <title>El Paso Electric Company COM NEW</title>
        <cusip>283677854</cusip>
        <identifiers>
          <isin value="US2836778546"/>
          <ticker value="EE"/>
        </identifiers>
        <balance>122022</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8175474</valUSD>
        <pctVal>0.3600271293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emcor Group Inc</name>
        <lei>529900X0SQJB2J7YDU43</lei>
        <title>Emcor Group Inc COM</title>
        <cusip>29084Q100</cusip>
        <identifiers>
          <isin value="US29084Q1004"/>
          <ticker value="EME"/>
        </identifiers>
        <balance>99207</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6561550.98</valUSD>
        <pctVal>0.2889540549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Encore Wire Corp</name>
        <lei>N/A</lei>
        <title>Encore Wire Corp COM</title>
        <cusip>292562105</cusip>
        <identifiers>
          <isin value="US2925621052"/>
          <ticker value="WIRE"/>
        </identifiers>
        <balance>91225</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4453604.5</valUSD>
        <pctVal>0.1961254409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EnPro Industries Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>EnPro Industries Inc. COM</title>
        <cusip>29355X107</cusip>
        <identifiers>
          <isin value="US29355X1072"/>
          <ticker value="NPO"/>
        </identifiers>
        <balance>8651</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>426407.79</valUSD>
        <pctVal>0.0187779170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eplus Inc</name>
        <lei>529900FFY8AAFJ21NE91</lei>
        <title>Eplus Inc COM</title>
        <cusip>294268107</cusip>
        <identifiers>
          <isin value="US2942681071"/>
          <ticker value="PLUS"/>
        </identifiers>
        <balance>14872</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1051152.96</valUSD>
        <pctVal>0.0462901090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Financial Institutions, Inc.</name>
        <lei>N/A</lei>
        <title>Financial Institutions, Inc. COM</title>
        <cusip>317585404</cusip>
        <identifiers>
          <isin value="US3175854047"/>
          <ticker value="FISI"/>
        </identifiers>
        <balance>73117</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1360707.37</valUSD>
        <pctVal>0.0599220997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>1ST Bancorp Nc</name>
        <lei>549300QGC3EY3EV0NS72</lei>
        <title>1ST Bancorp Nc COM</title>
        <cusip>318910106</cusip>
        <identifiers>
          <isin value="US3189101062"/>
          <ticker value="FBNC"/>
        </identifiers>
        <balance>89816</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2252585.28</valUSD>
        <pctVal>0.0991981397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Community Bankshares Inc</name>
        <lei>N/A</lei>
        <title>First Community Bankshares Inc COM</title>
        <cusip>31983A103</cusip>
        <identifiers>
          <isin value="US31983A1034"/>
          <ticker value="FCBC"/>
        </identifiers>
        <balance>29950</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>672377.5</valUSD>
        <pctVal>0.0296097989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Park National Corp</name>
        <lei>5493001T01TDELV5OO63</lei>
        <title>Park National Corp COM</title>
        <cusip>700658107</cusip>
        <identifiers>
          <isin value="US7006581075"/>
          <ticker value="PRK"/>
        </identifiers>
        <balance>40017</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2816396.46</valUSD>
        <pctVal>0.1240269534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Perficient Inc</name>
        <lei>549300HTBXKL2755T650</lei>
        <title>Perficient Inc COM</title>
        <cusip>71375U101</cusip>
        <identifiers>
          <isin value="US71375U1016"/>
          <ticker value="PRFT"/>
        </identifiers>
        <balance>186749</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6681879.22</valUSD>
        <pctVal>0.2942530053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pinnacle Financial Partners Inc</name>
        <lei>54930098EZ8JMSAZGS24</lei>
        <title>Pinnacle Financial Partners Inc COM</title>
        <cusip>72346Q104</cusip>
        <identifiers>
          <isin value="US72346Q1040"/>
          <ticker value="PNFP"/>
        </identifiers>
        <balance>53160</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2232188.4</valUSD>
        <pctVal>0.0982999128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plexus Corp</name>
        <lei>549300W7HCBI5YT25I79</lei>
        <title>Plexus Corp COM</title>
        <cusip>729132100</cusip>
        <identifiers>
          <isin value="US7291321005"/>
          <ticker value="PLXS"/>
        </identifiers>
        <balance>21158</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1492908.48</valUSD>
        <pctVal>0.0657439011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Powell Inds Inc</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>Powell Inds Inc COM</title>
        <cusip>739128106</cusip>
        <identifiers>
          <isin value="US7391281067"/>
          <ticker value="POWL"/>
        </identifiers>
        <balance>31198</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>854513.22</valUSD>
        <pctVal>0.0376305938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Preformed Line Pro</name>
        <lei>549300EYH53XDJID2098</lei>
        <title>Preformed Line Pro COM</title>
        <cusip>740444104</cusip>
        <identifiers>
          <isin value="US7404441047"/>
          <ticker value="PLPC"/>
        </identifiers>
        <balance>13406</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>670434.06</valUSD>
        <pctVal>0.0295242147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proassurance Corp</name>
        <lei>54930015E5J57R675E89</lei>
        <title>Proassurance Corp COM</title>
        <cusip>74267C106</cusip>
        <identifiers>
          <isin value="US74267C1062"/>
          <ticker value="PRA"/>
        </identifiers>
        <balance>110445</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1598139.15</valUSD>
        <pctVal>0.0703779928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QCR Holdings Inc</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings Inc COM</title>
        <cusip>74727A104</cusip>
        <identifiers>
          <isin value="US74727A1043"/>
          <ticker value="QCRH"/>
        </identifiers>
        <balance>26690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>832194.2</valUSD>
        <pctVal>0.0366477208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RPC Inc</name>
        <lei>549300ZDXAFBC3SB4918</lei>
        <title>RPC Inc COM</title>
        <cusip>749660106</cusip>
        <identifiers>
          <isin value="US7496601060"/>
          <ticker value="RES"/>
        </identifiers>
        <balance>672500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2071300</valUSD>
        <pctVal>0.0912147960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radian Group Inc.</name>
        <lei>54930005OUP720S5U385</lei>
        <title>Radian Group Inc. COM</title>
        <cusip>750236101</cusip>
        <identifiers>
          <isin value="US7502361014"/>
          <ticker value="RDN"/>
        </identifiers>
        <balance>1089188</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16893305.88</valUSD>
        <pctVal>0.7439383234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rambus Inc.</name>
        <lei>2549000211GDCQSLV833</lei>
        <title>Rambus Inc. COM</title>
        <cusip>750917106</cusip>
        <identifiers>
          <isin value="US7509171069"/>
          <ticker value="RMBS"/>
        </identifiers>
        <balance>355299</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5400544.8</valUSD>
        <pctVal>0.2378262888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regal Beloit Corporation</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Beloit Corporation COM</title>
        <cusip>758750103</cusip>
        <identifiers>
          <isin value="US7587501039"/>
          <ticker value="RBC"/>
        </identifiers>
        <balance>102094</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8914848.08</valUSD>
        <pctVal>0.3925872876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resources Connecti</name>
        <lei>N/A</lei>
        <title>Resources Connecti COM</title>
        <cusip>76122Q105</cusip>
        <identifiers>
          <isin value="US76122Q1058"/>
          <ticker value="RGP"/>
        </identifiers>
        <balance>54190</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>648654.3</valUSD>
        <pctVal>0.0285650894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riverview Bancorp</name>
        <lei>N/A</lei>
        <title>Riverview Bancorp COM</title>
        <cusip>769397100</cusip>
        <identifiers>
          <isin value="US7693971001"/>
          <ticker value="RVSB"/>
        </identifiers>
        <balance>27832</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157250.8</valUSD>
        <pctVal>0.0069249262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST Joe Company</name>
        <lei>529900XVHOT3BF8PWG49</lei>
        <title>ST Joe Company COM</title>
        <cusip>790148100</cusip>
        <identifiers>
          <isin value="US7901481009"/>
          <ticker value="JOE"/>
        </identifiers>
        <balance>112619</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2187060.98</valUSD>
        <pctVal>0.0963126158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sandy Spring Banco</name>
        <lei>N/A</lei>
        <title>Sandy Spring Banco COM</title>
        <cusip>800363103</cusip>
        <identifiers>
          <isin value="US8003631038"/>
          <ticker value="SASR"/>
        </identifiers>
        <balance>111169</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2754767.82</valUSD>
        <pctVal>0.1213129844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scansource Inc</name>
        <lei>7FHBAN017QDY4K2KP156</lei>
        <title>Scansource Inc COM</title>
        <cusip>806037107</cusip>
        <identifiers>
          <isin value="US8060371072"/>
          <ticker value="SCSC"/>
        </identifiers>
        <balance>42750</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1029847.5</valUSD>
        <pctVal>0.0453518706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schnitzer Steel</name>
        <lei>549300F62TK8VRDSM285</lei>
        <title>Schnitzer Steel CL A</title>
        <cusip>806882106</cusip>
        <identifiers>
          <isin value="US8068821060"/>
          <ticker value="SCHN"/>
        </identifiers>
        <balance>81919</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1445051.16</valUSD>
        <pctVal>0.0636363862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scholastic Corporation</name>
        <lei>N/A</lei>
        <title>Scholastic Corporation COM</title>
        <cusip>807066105</cusip>
        <identifiers>
          <isin value="US8070661058"/>
          <ticker value="SCHL"/>
        </identifiers>
        <balance>139342</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4171899.48</valUSD>
        <pctVal>0.1837198667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schweitzer-Mauduit</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Schweitzer-Mauduit COM</title>
        <cusip>808541106</cusip>
        <identifiers>
          <isin value="US8085411069"/>
          <ticker value="SWM"/>
        </identifiers>
        <balance>41068</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1372081.88</valUSD>
        <pctVal>0.0604230043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEACOR Holdings Inc.</name>
        <lei>549300IQTYSR1SC4II14</lei>
        <title>SEACOR Holdings Inc. COM</title>
        <cusip>811904101</cusip>
        <identifiers>
          <isin value="US8119041015"/>
          <ticker value="CKH"/>
        </identifiers>
        <balance>80911</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2291399.52</valUSD>
        <pctVal>0.1009074203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Topbuild Corporation</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>Topbuild Corporation COM</title>
        <cusip>89055F103</cusip>
        <identifiers>
          <isin value="US89055F1030"/>
          <ticker value="BLD"/>
        </identifiers>
        <balance>14239</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1619971.03</valUSD>
        <pctVal>0.0713394134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Selective Insurance Group Inc.</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group Inc. COM</title>
        <cusip>816300107</cusip>
        <identifiers>
          <isin value="US8163001071"/>
          <ticker value="SIGI"/>
        </identifiers>
        <balance>102886</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5426207.64</valUSD>
        <pctVal>0.2389564152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seneca Foods</name>
        <lei>N/A</lei>
        <title>Seneca Foods CL A</title>
        <cusip>817070501</cusip>
        <identifiers>
          <isin value="US8170705011"/>
          <ticker value="SENEA"/>
        </identifiers>
        <balance>12722</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>430130.82</valUSD>
        <pctVal>0.0189418698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sensient Techs</name>
        <lei>CMMZHMFZQG86EI7WZU92</lei>
        <title>Sensient Techs COM</title>
        <cusip>81725T100</cusip>
        <identifiers>
          <isin value="US81725T1007"/>
          <ticker value="SXT"/>
        </identifiers>
        <balance>112530</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5869564.8</valUSD>
        <pctVal>0.2584807395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sierra Bancorp</name>
        <lei>N/A</lei>
        <title>Sierra Bancorp COM</title>
        <cusip>82620P102</cusip>
        <identifiers>
          <isin value="US82620P1021"/>
          <ticker value="BSRR"/>
        </identifiers>
        <balance>134795</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2544929.6</valUSD>
        <pctVal>0.1120722417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Simmons First Natl</name>
        <lei>549300IVR5AJKUVOGN05</lei>
        <title>Simmons First Natl CL A $1 PAR</title>
        <cusip>828730200</cusip>
        <identifiers>
          <isin value="US8287302009"/>
          <ticker value="SFNC"/>
        </identifiers>
        <balance>387514</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6630364.54</valUSD>
        <pctVal>0.2919844295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Simpson Mfg Co Inc</name>
        <lei>529900EJUNNL15LZ8056</lei>
        <title>Simpson Mfg Co Inc COM</title>
        <cusip>829073105</cusip>
        <identifiers>
          <isin value="US8290731053"/>
          <ticker value="SSD"/>
        </identifiers>
        <balance>159610</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13464699.6</valUSD>
        <pctVal>0.5929512030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinclair Broadcast Group, Inc.</name>
        <lei>529900879GWQV880PQ28</lei>
        <title>Sinclair Broadcast Group, Inc. CL A</title>
        <cusip>829226109</cusip>
        <identifiers>
          <isin value="US8292261091"/>
          <ticker value="SBGI"/>
        </identifiers>
        <balance>124381</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2296073.26</valUSD>
        <pctVal>0.1011132400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skywest Inc</name>
        <lei>529900UYS2KGS6Z42P09</lei>
        <title>Skywest Inc COM</title>
        <cusip>830879102</cusip>
        <identifiers>
          <isin value="US8308791024"/>
          <ticker value="SKYW"/>
        </identifiers>
        <balance>123841</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4039693.42</valUSD>
        <pctVal>0.1778978473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc. CL A</title>
        <cusip>83545G102</cusip>
        <identifiers>
          <isin value="US83545G1022"/>
          <ticker value="SAH"/>
        </identifiers>
        <balance>413065</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13180904.15</valUSD>
        <pctVal>0.5804535716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Missouri</name>
        <lei>N/A</lei>
        <title>Southern Missouri COM</title>
        <cusip>843380106</cusip>
        <identifiers>
          <isin value="US8433801060"/>
          <ticker value="SMBC"/>
        </identifiers>
        <balance>15445</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375313.5</valUSD>
        <pctVal>0.0165278542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southside Bancshares Inc.</name>
        <lei>549300TC83207VQA2K65</lei>
        <title>Southside Bancshares Inc. COM</title>
        <cusip>84470P109</cusip>
        <identifiers>
          <isin value="US84470P1093"/>
          <ticker value="SBSI"/>
        </identifiers>
        <balance>86244</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2390683.68</valUSD>
        <pctVal>0.1052796428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southwest Gas Holdings Inc</name>
        <lei>N/A</lei>
        <title>Southwest Gas Holdings Inc COM</title>
        <cusip>844895102</cusip>
        <identifiers>
          <isin value="US8448951025"/>
          <ticker value="SWX"/>
        </identifiers>
        <balance>303457</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20953705.85</valUSD>
        <pctVal>0.9227480346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southwestern Energy Company</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Company COM</title>
        <cusip>845467109</cusip>
        <identifiers>
          <isin value="US8454671095"/>
          <ticker value="SWN"/>
        </identifiers>
        <balance>787530</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2016076.8</valUSD>
        <pctVal>0.0887829064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Motor Products, Inc.</name>
        <lei>THGK1EO5B5HK0JHQVZ90</lei>
        <title>Standard Motor Products, Inc. COM</title>
        <cusip>853666105</cusip>
        <identifiers>
          <isin value="US8536661056"/>
          <ticker value="SMP"/>
        </identifiers>
        <balance>154665</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6372198</valUSD>
        <pctVal>0.2806154302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standex Intl Corp</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>Standex Intl Corp COM</title>
        <cusip>854231107</cusip>
        <identifiers>
          <isin value="US8542311076"/>
          <ticker value="SXI"/>
        </identifiers>
        <balance>91299</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5254257.45</valUSD>
        <pctVal>0.2313841652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Steelcase Inc</name>
        <lei>GIE4CCPBJDI8SMV1OX95</lei>
        <title>Steelcase Inc CL A</title>
        <cusip>858155203</cusip>
        <identifiers>
          <isin value="US8581552036"/>
          <ticker value="SCS"/>
        </identifiers>
        <balance>250572</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3021898.32</valUSD>
        <pctVal>0.1330767338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sterling Construct</name>
        <lei>549300RZIK6K1215XU51</lei>
        <title>Sterling Construct COM</title>
        <cusip>859241101</cusip>
        <identifiers>
          <isin value="US8592411016"/>
          <ticker value="STRL"/>
        </identifiers>
        <balance>47337</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495618.39</valUSD>
        <pctVal>0.0218257762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STEWART INFORMATION SERVICES CORPORATION</name>
        <lei>529900TV1XI0PLKENU10</lei>
        <title>STEWART INFORMATION SERVICES CORPORATION COM</title>
        <cusip>860372101</cusip>
        <identifiers>
          <isin value="US8603721015"/>
          <ticker value="STC"/>
        </identifiers>
        <balance>40112</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1304041.12</valUSD>
        <pctVal>0.0574266619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stifel Financial Corporation</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corporation COM</title>
        <cusip>860630102</cusip>
        <identifiers>
          <isin value="US8606301021"/>
          <ticker value="SF"/>
        </identifiers>
        <balance>210775</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9997058.25</valUSD>
        <pctVal>0.4402450773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sykes Enterprises</name>
        <lei>549300JJ24XHULP7Q562</lei>
        <title>Sykes Enterprises COM</title>
        <cusip>871237103</cusip>
        <identifiers>
          <isin value="US8712371033"/>
          <ticker value="SYKE"/>
        </identifiers>
        <balance>214122</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5922614.52</valUSD>
        <pctVal>0.2608169145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synaptics Incorporated</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>Synaptics Incorporated COM</title>
        <cusip>87157D109</cusip>
        <identifiers>
          <isin value="US87157D1090"/>
          <ticker value="SYNA"/>
        </identifiers>
        <balance>68319</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4107338.28</valUSD>
        <pctVal>0.1808767553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TTM Technologies Inc</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM Technologies Inc COM</title>
        <cusip>87305R109</cusip>
        <identifiers>
          <isin value="US87305R1095"/>
          <ticker value="TTMI"/>
        </identifiers>
        <balance>219498</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2603246.28</valUSD>
        <pctVal>0.1146403603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Timken Company</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
        <title>The Timken Company COM</title>
        <cusip>887389104</cusip>
        <identifiers>
          <isin value="US8873891043"/>
          <ticker value="TKR"/>
        </identifiers>
        <balance>31202</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1419378.98</valUSD>
        <pctVal>0.0625058485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taro Pharmaceuticl</name>
        <lei>5493002WIJCSC2L2VL79</lei>
        <title>Taro Pharmaceuticl ORD ILS0.0001</title>
        <cusip>M8737E108</cusip>
        <identifiers>
          <isin value="IL0010827181"/>
          <ticker value="TARO"/>
        </identifiers>
        <balance>32911</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2188252.39</valUSD>
        <pctVal>0.0963650825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trico Bancshares</name>
        <lei>N/A</lei>
        <title>Trico Bancshares COM</title>
        <cusip>896095106</cusip>
        <identifiers>
          <isin value="US8960951064"/>
          <ticker value="TCBK"/>
        </identifiers>
        <balance>144644</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4404409.8</valUSD>
        <pctVal>0.1939590312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trustco Bank Cp Ny</name>
        <lei>N/A</lei>
        <title>Trustco Bank Cp Ny COM</title>
        <cusip>898349105</cusip>
        <identifiers>
          <isin value="US8983491056"/>
          <ticker value="TRST"/>
        </identifiers>
        <balance>328305</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2078170.65</valUSD>
        <pctVal>0.0915173620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Insuranc</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>Universal Insuranc COM</title>
        <cusip>91359V107</cusip>
        <identifiers>
          <isin value="US91359V1070"/>
          <ticker value="UVE"/>
        </identifiers>
        <balance>13967</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247914.25</valUSD>
        <pctVal>0.0109175145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Univest Financial Corporation</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
        <title>Univest Financial Corporation COM</title>
        <cusip>915271100</cusip>
        <identifiers>
          <isin value="US9152711001"/>
          <ticker value="UVSP"/>
        </identifiers>
        <balance>76031</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1227140.34</valUSD>
        <pctVal>0.0540401466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valley National Bancorp</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp COM</title>
        <cusip>919794107</cusip>
        <identifiers>
          <isin value="US9197941076"/>
          <ticker value="VLY"/>
        </identifiers>
        <balance>1055254</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8252086.28</valUSD>
        <pctVal>0.3634009397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington Real Estate Investment Trust</name>
        <lei>549300DI34BGS8LVKW95</lei>
        <title>Washington Real Estate Investment Trust SH BEN INT</title>
        <cusip>939653101</cusip>
        <identifiers>
          <isin value="US9396531017"/>
          <ticker value="WRE"/>
        </identifiers>
        <balance>332797</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7388093.4</valUSD>
        <pctVal>0.3253528857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weis Markets Inc</name>
        <lei>N/A</lei>
        <title>Weis Markets Inc COM</title>
        <cusip>948849104</cusip>
        <identifiers>
          <isin value="US9488491047"/>
          <ticker value="WMK"/>
        </identifiers>
        <balance>72524</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3634902.88</valUSD>
        <pctVal>0.1600718991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryerson Holding Corporation</name>
        <lei>549300JMA41B3ZHOVE45</lei>
        <title>Ryerson Holding Corporation COM</title>
        <cusip>783754104</cusip>
        <identifiers>
          <isin value="US7837541041"/>
          <ticker value="RYI"/>
        </identifiers>
        <balance>64494</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>363101.22</valUSD>
        <pctVal>0.0159900563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Par Pacific Holdings, Inc.</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>Par Pacific Holdings, Inc. COM NEW</title>
        <cusip>69888T207</cusip>
        <identifiers>
          <isin value="US69888T2078"/>
          <ticker value="PARR"/>
        </identifiers>
        <balance>55970</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>503170.3</valUSD>
        <pctVal>0.0221583432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City Office REIT Inc</name>
        <lei>5493003J7157VP25NL57</lei>
        <title>City Office REIT Inc COM</title>
        <cusip>178587101</cusip>
        <identifiers>
          <isin value="US1785871013"/>
          <ticker value="CIO"/>
        </identifiers>
        <balance>78400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>788704</valUSD>
        <pctVal>0.0347325228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Parsley Energy Inc</name>
        <lei>549300DMRA8DSL66G562</lei>
        <title>Parsley Energy Inc CL A</title>
        <cusip>701877102</cusip>
        <identifiers>
          <isin value="US7018771029"/>
          <ticker value="PE"/>
        </identifiers>
        <balance>97280</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1038950.4</valUSD>
        <pctVal>0.0457527392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARETRUST REIT INC</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CARETRUST REIT INC COM</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
          <ticker value="CTRE"/>
        </identifiers>
        <balance>231500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3972540</valUSD>
        <pctVal>0.1749405811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL GENERAL HOLDINGS CORP</name>
        <lei>549300HUE7OCQI86BK16</lei>
        <title>NATIONAL GENERAL HOLDINGS CORP COM</title>
        <cusip>636220303</cusip>
        <identifiers>
          <isin value="US6362203035"/>
          <ticker value="NGHC"/>
        </identifiers>
        <balance>297116</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6420676.76</valUSD>
        <pctVal>0.2827503117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RCI Hospitality Holdings Inc</name>
        <lei>529900COXP1MLE1UKG69</lei>
        <title>RCI Hospitality Holdings Inc COM</title>
        <cusip>74934Q108</cusip>
        <identifiers>
          <isin value="US74934Q1085"/>
          <ticker value="RICK"/>
        </identifiers>
        <balance>15440</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>213998.4</valUSD>
        <pctVal>0.0094239465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Pollo Loco Holdings Inc</name>
        <lei>549300EZCBNF4G707K90</lei>
        <title>El Pollo Loco Holdings Inc COM</title>
        <cusip>268603107</cusip>
        <identifiers>
          <isin value="US2686031079"/>
          <ticker value="LOCO"/>
        </identifiers>
        <balance>59022</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>871164.72</valUSD>
        <pctVal>0.0383638836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meridian Bancorp Inc</name>
        <lei>N/A</lei>
        <title>Meridian Bancorp Inc COM</title>
        <cusip>58958U103</cusip>
        <identifiers>
          <isin value="US58958U1034"/>
          <ticker value="EBSB"/>
        </identifiers>
        <balance>21661</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251267.6</valUSD>
        <pctVal>0.0110651875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Connectone Bancorp Inc</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>Connectone Bancorp Inc COM</title>
        <cusip>20786W107</cusip>
        <identifiers>
          <isin value="US20786W1071"/>
          <ticker value="CNOB"/>
        </identifiers>
        <balance>67115</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1081893.8</valUSD>
        <pctVal>0.0476438576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kite Realty Group Trust</name>
        <lei>N/A</lei>
        <title>Kite Realty Group Trust COM NEW</title>
        <cusip>49803T300</cusip>
        <identifiers>
          <isin value="US49803T3005"/>
          <ticker value="KRG"/>
        </identifiers>
        <balance>80751</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>931866.54</valUSD>
        <pctVal>0.0410370378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South State Corporation</name>
        <lei>549300JZUANXM0YQ4W53</lei>
        <title>South State Corporation COM</title>
        <cusip>840441109</cusip>
        <identifiers>
          <isin value="US8404411097"/>
          <ticker value="SSB"/>
        </identifiers>
        <balance>122908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5857795.28</valUSD>
        <pctVal>0.2579624397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FARMLAND PARTNERS INC</name>
        <lei>549300LB188CHPZ4IL37</lei>
        <title>FARMLAND PARTNERS INC COM</title>
        <cusip>31154R109</cusip>
        <identifiers>
          <isin value="US31154R1095"/>
          <ticker value="FPI"/>
        </identifiers>
        <balance>50533</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346151.05</valUSD>
        <pctVal>0.0152436139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boot Barn Holdings Inc</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings Inc COM</title>
        <cusip>099406100</cusip>
        <identifiers>
          <isin value="US0994061002"/>
          <ticker value="BOOT"/>
        </identifiers>
        <balance>80448</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1734458.88</valUSD>
        <pctVal>0.0763811678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIMBALL ELECTRONICS INC</name>
        <lei>549300COBYN2GZCBIU87</lei>
        <title>KIMBALL ELECTRONICS INC COM</title>
        <cusip>49428J109</cusip>
        <identifiers>
          <isin value="US49428J1097"/>
          <ticker value="KE"/>
        </identifiers>
        <balance>42278</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572444.12</valUSD>
        <pctVal>0.0252089864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Western Bancorp Inc</name>
        <lei>5493004X4OTHDTFBHI90</lei>
        <title>Great Western Bancorp Inc COM</title>
        <cusip>391416104</cusip>
        <identifiers>
          <isin value="US3914161043"/>
          <ticker value="GWB"/>
        </identifiers>
        <balance>170995</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2352891.2</valUSD>
        <pctVal>0.1036153579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AAR Corp.</name>
        <lei>MP76T5YQX3YK5VVAQ802</lei>
        <title>AAR Corp. COM</title>
        <cusip>000361105</cusip>
        <identifiers>
          <isin value="US0003611052"/>
          <ticker value="AIR"/>
        </identifiers>
        <balance>392898</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8121201.66</valUSD>
        <pctVal>0.3576371132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aarons Inc</name>
        <lei>529900IVEJ72I7MQ3Z14</lei>
        <title>Aarons Inc COM PAR $0.50</title>
        <cusip>002535300</cusip>
        <identifiers>
          <isin value="US0025353006"/>
          <ticker value="AAN"/>
        </identifiers>
        <balance>173155</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7861237</valUSD>
        <pctVal>0.3461889292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABM Inds Inc</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Inds Inc COM</title>
        <cusip>000957100</cusip>
        <identifiers>
          <isin value="US0009571003"/>
          <ticker value="ABM"/>
        </identifiers>
        <balance>468952</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17022957.6</valUSD>
        <pctVal>0.7496478561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abraxas Petroleum Corporation</name>
        <lei>MZ7PUO5D10MMXGVVPY36</lei>
        <title>Abraxas Petroleum Corporation COM</title>
        <cusip>003830106</cusip>
        <identifiers>
          <isin value="US0038301067"/>
          <ticker value="AXAS"/>
        </identifiers>
        <balance>183307</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42783.85</valUSD>
        <pctVal>0.0018840922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abercrombie &amp; Fitch Co</name>
        <lei>5493000J7LL72TOGT983</lei>
        <title>Abercrombie &amp; Fitch Co CL A</title>
        <cusip>002896207</cusip>
        <identifiers>
          <isin value="US0028962076"/>
          <ticker value="ANF"/>
        </identifiers>
        <balance>27249</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>289929.36</valUSD>
        <pctVal>0.0127677533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acadia Realty Trust</name>
        <lei>N/A</lei>
        <title>Acadia Realty Trust COM SH BEN INT</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
          <ticker value="AKR"/>
        </identifiers>
        <balance>317692</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4123642.16</valUSD>
        <pctVal>0.1815947368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ Inc COM</title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
          <ticker value="AZZ"/>
        </identifiers>
        <balance>54649</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1875553.68</valUSD>
        <pctVal>0.0825946248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXT Inc</name>
        <lei>549300M2142IVLVIJN37</lei>
        <title>AXT Inc COM</title>
        <cusip>00246W103</cusip>
        <identifiers>
          <isin value="US00246W1036"/>
          <ticker value="AXTI"/>
        </identifiers>
        <balance>69112</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>328973.12</valUSD>
        <pctVal>0.0144871414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Natural Gas Serv</name>
        <lei>N/A</lei>
        <title>Natural Gas Serv COM</title>
        <cusip>63886Q109</cusip>
        <identifiers>
          <isin value="US63886Q1094"/>
          <ticker value="NGS"/>
        </identifiers>
        <balance>181589</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138563.03</valUSD>
        <pctVal>0.0501394267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Finl Group</name>
        <lei>N/A</lei>
        <title>Summit Finl Group COM</title>
        <cusip>86606G101</cusip>
        <identifiers>
          <isin value="US86606G1013"/>
          <ticker value="SMMF"/>
        </identifiers>
        <balance>21949</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>361719.52</valUSD>
        <pctVal>0.0159292098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Merchants Corporation</name>
        <lei>TZTBT0OTGQ2FEK6XMX94</lei>
        <title>First Merchants Corporation COM</title>
        <cusip>320817109</cusip>
        <identifiers>
          <isin value="US3208171096"/>
          <ticker value="FRME"/>
        </identifiers>
        <balance>266248</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7340457.36</valUSD>
        <pctVal>0.3232551154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Provident Finl Svc</name>
        <lei>529900JOSO3SXEDVE477</lei>
        <title>Provident Finl Svc COM</title>
        <cusip>74386T105</cusip>
        <identifiers>
          <isin value="US74386T1051"/>
          <ticker value="PFS"/>
        </identifiers>
        <balance>832980</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12036561</valUSD>
        <pctVal>0.5300596031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVB Financial</name>
        <lei>N/A</lei>
        <title>CVB Financial COM</title>
        <cusip>126600105</cusip>
        <identifiers>
          <isin value="US1266001056"/>
          <ticker value="CVBF"/>
        </identifiers>
        <balance>469306</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8794794.44</valUSD>
        <pctVal>0.3873004299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adtran Inc</name>
        <lei>549300XWTHXJVGKWU616</lei>
        <title>Adtran Inc COM</title>
        <cusip>00738A106</cusip>
        <identifiers>
          <isin value="US00738A1060"/>
          <ticker value="ADTN"/>
        </identifiers>
        <balance>185668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2029351.24</valUSD>
        <pctVal>0.0893674790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netgear Inc</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>Netgear Inc COM</title>
        <cusip>64111Q104</cusip>
        <identifiers>
          <isin value="US64111Q1040"/>
          <ticker value="NTGR"/>
        </identifiers>
        <balance>174001</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4504885.89</valUSD>
        <pctVal>0.1983837432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agree Realty Corp</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp COM</title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
          <ticker value="ADC"/>
        </identifiers>
        <balance>177845</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11686194.95</valUSD>
        <pctVal>0.5146303713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alamo Group Inc</name>
        <lei>54930080C93RVZRSDV26</lei>
        <title>Alamo Group Inc COM</title>
        <cusip>011311107</cusip>
        <identifiers>
          <isin value="US0113111076"/>
          <ticker value="ALG"/>
        </identifiers>
        <balance>30927</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3174347.28</valUSD>
        <pctVal>0.1397901991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Conns Inc</name>
        <lei>529900K9HOACKOJJT953</lei>
        <title>Conns Inc COM</title>
        <cusip>208242107</cusip>
        <identifiers>
          <isin value="US2082421072"/>
          <ticker value="CONN"/>
        </identifiers>
        <balance>64764</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>653468.76</valUSD>
        <pctVal>0.0287771060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shoe Carnival Inc</name>
        <lei>N/A</lei>
        <title>Shoe Carnival Inc COM</title>
        <cusip>824889109</cusip>
        <identifiers>
          <isin value="US8248891090"/>
          <ticker value="SCVL"/>
        </identifiers>
        <balance>248618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7277048.86</valUSD>
        <pctVal>0.3204627659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bridge Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Bridge Bancorp, Inc. COM</title>
        <cusip>108035106</cusip>
        <identifiers>
          <isin value="US1080351067"/>
          <ticker value="BDGE"/>
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        <balance>33388</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>762581.92</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alaska Communications Systems Group, Inc.</name>
        <lei>5493007NQ48764MYK786</lei>
        <title>Alaska Communications Systems Group, Inc. COM</title>
        <cusip>01167P101</cusip>
        <identifiers>
          <isin value="US01167P1012"/>
          <ticker value="ALSK"/>
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        <balance>90625</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252843.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Angiodynamics Inc</name>
        <lei>549300W3VKC5ZKMO8C28</lei>
        <title>Angiodynamics Inc COM</title>
        <cusip>03475V101</cusip>
        <identifiers>
          <isin value="US03475V1017"/>
          <ticker value="ANGO"/>
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        <balance>325859</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3313986.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marlin Business Sv</name>
        <lei>N/A</lei>
        <title>Marlin Business Sv COM</title>
        <cusip>571157106</cusip>
        <identifiers>
          <isin value="US5711571068"/>
          <ticker value="MRLN"/>
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        <balance>35711</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302115.06</valUSD>
        <pctVal>0.0133043806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>DXP Enterprises In</name>
        <lei>N/A</lei>
        <title>DXP Enterprises In COM NEW</title>
        <cusip>233377407</cusip>
        <identifiers>
          <isin value="US2333774071"/>
          <ticker value="DXPE"/>
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        <balance>105692</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2104327.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Equity Investment Life Holding Company</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Company COM</title>
        <cusip>025676206</cusip>
        <identifiers>
          <isin value="US0256762065"/>
          <ticker value="AEL"/>
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        <balance>494016</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12207135.36</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nelnet Inc.</name>
        <lei>549300T6B0Q52I6OM558</lei>
        <title>Nelnet Inc. CL A</title>
        <cusip>64031N108</cusip>
        <identifiers>
          <isin value="US64031N1081"/>
          <ticker value="NNI"/>
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        <balance>93090</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4444116.6</valUSD>
        <pctVal>0.1957076179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Viad Corporation</name>
        <lei>549300PXU4ZW7LPO5Y40</lei>
        <title>Viad Corporation COM NEW</title>
        <cusip>92552R406</cusip>
        <identifiers>
          <isin value="US92552R4065"/>
          <ticker value="VVI"/>
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        <balance>43200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>821664</valUSD>
        <pctVal>0.0361839975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TowneBank</name>
        <lei>54930039UO39UJGI7078</lei>
        <title>TowneBank COM</title>
        <cusip>89214P109</cusip>
        <identifiers>
          <isin value="US89214P1093"/>
          <ticker value="TOWN"/>
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        <balance>200612</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3779530.08</valUSD>
        <pctVal>0.1664409140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Magellan Health Inc</name>
        <lei>N/A</lei>
        <title>Magellan Health Inc COM NEW</title>
        <cusip>559079207</cusip>
        <identifiers>
          <isin value="US5590792074"/>
          <ticker value="MGLN"/>
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        <balance>212271</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15491537.58</valUSD>
        <pctVal>0.6822080045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Belden Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden Inc. COM</title>
        <cusip>077454106</cusip>
        <identifiers>
          <isin value="US0774541066"/>
          <ticker value="BDC"/>
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        <balance>203989</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6639841.95</valUSD>
        <pctVal>0.2924017906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alerus Financial Corporation</name>
        <lei>5493008BXLBPPELQ3G57</lei>
        <title>Alerus Financial Corporation COM</title>
        <cusip>01446U103</cusip>
        <identifiers>
          <isin value="US01446U1034"/>
          <ticker value="ALRS"/>
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        <balance>28943</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>571913.68</valUSD>
        <pctVal>0.0251856272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Patterson Cos Inc</name>
        <lei>YM48Q2087CUE26GWEK09</lei>
        <title>Patterson Cos Inc COM</title>
        <cusip>703395103</cusip>
        <identifiers>
          <isin value="US7033951036"/>
          <ticker value="PDCO"/>
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        <balance>258820</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5694040</valUSD>
        <pctVal>0.2507510727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Enersys</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>Enersys COM</title>
        <cusip>29275Y102</cusip>
        <identifiers>
          <isin value="US29275Y1029"/>
          <ticker value="ENS"/>
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        <balance>130367</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8393027.46</valUSD>
        <pctVal>0.3696076316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Alico Inc</name>
        <lei>N/A</lei>
        <title>Alico Inc COM</title>
        <cusip>016230104</cusip>
        <identifiers>
          <isin value="US0162301040"/>
          <ticker value="ALCO"/>
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        <balance>8356</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260372.96</valUSD>
        <pctVal>0.0114661644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allete</name>
        <lei>549300NNLSIMY6Z8OT86</lei>
        <title>Allete COM NEW</title>
        <cusip>018522300</cusip>
        <identifiers>
          <isin value="US0185223007"/>
          <ticker value="ALE"/>
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        <balance>124940</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6822973.4</valUSD>
        <pctVal>0.3004664349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beacon Roofing Supply, Inc.</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>Beacon Roofing Supply, Inc. COM</title>
        <cusip>073685109</cusip>
        <identifiers>
          <isin value="US0736851090"/>
          <ticker value="BECN"/>
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        <balance>68836</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1815205.32</valUSD>
        <pctVal>0.0799370361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ceco Enviromental</name>
        <lei>5493002CZCTL4HGLIY91</lei>
        <title>Ceco Enviromental COM</title>
        <cusip>125141101</cusip>
        <identifiers>
          <isin value="US1251411013"/>
          <ticker value="CECE"/>
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        <balance>95281</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>627901.79</valUSD>
        <pctVal>0.0276512015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunstone Hotel Investors Inc.</name>
        <lei>529900ZQ2V52V96ATF67</lei>
        <title>Sunstone Hotel Investors Inc. COM</title>
        <cusip>867892101</cusip>
        <identifiers>
          <isin value="US8678921011"/>
          <ticker value="SHO"/>
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        <balance>1162039</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9470617.85</valUSD>
        <pctVal>0.4170619780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Employers Holdings</name>
        <lei>N/A</lei>
        <title>Employers Holdings COM</title>
        <cusip>292218104</cusip>
        <identifiers>
          <isin value="US2922181043"/>
          <ticker value="EIG"/>
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        <balance>327899</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9886154.85</valUSD>
        <pctVal>0.4353611730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gibraltar Industries, Inc.</name>
        <lei>549300AE5O3GN0YBLM57</lei>
        <title>Gibraltar Industries, Inc. COM</title>
        <cusip>374689107</cusip>
        <identifiers>
          <isin value="US3746891072"/>
          <ticker value="ROCK"/>
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        <balance>12720</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>610687.2</valUSD>
        <pctVal>0.0268931146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northwestern Corporation</name>
        <lei>3BPWMBHR1R9SHUN7J795</lei>
        <title>Northwestern Corporation COM NEW</title>
        <cusip>668074305</cusip>
        <identifiers>
          <isin value="US6680743050"/>
          <ticker value="NWE"/>
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        <balance>315479</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17199915.08</valUSD>
        <pctVal>0.7574406145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neenah Inc</name>
        <lei>8SR38IKUT3O1F1I6VH65</lei>
        <title>Neenah Inc COM</title>
        <cusip>640079109</cusip>
        <identifiers>
          <isin value="US6400791090"/>
          <ticker value="NP"/>
        </identifiers>
        <balance>44647</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2208240.62</valUSD>
        <pctVal>0.0972453134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ormat Technologies</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>Ormat Technologies COM</title>
        <cusip>686688102</cusip>
        <identifiers>
          <isin value="US6866881021"/>
          <ticker value="ORA"/>
        </identifiers>
        <balance>20308</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1289354.92</valUSD>
        <pctVal>0.0567799189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allegheny Technologies Incorporated</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>Allegheny Technologies Incorporated COM</title>
        <cusip>01741R102</cusip>
        <identifiers>
          <isin value="US01741R1023"/>
          <ticker value="ATI"/>
        </identifiers>
        <balance>684731</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6977408.89</valUSD>
        <pctVal>0.3072673820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prestige Consumer Healthcare Inc</name>
        <lei>N/A</lei>
        <title>Prestige Consumer Healthcare Inc COM</title>
        <cusip>74112D101</cusip>
        <identifiers>
          <isin value="US74112D1019"/>
          <ticker value="PBH"/>
        </identifiers>
        <balance>159082</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5975119.92</valUSD>
        <pctVal>0.2631291191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd COM STK USD1.00</title>
        <cusip>G3075P101</cusip>
        <identifiers>
          <isin value="BMG3075P1014"/>
          <ticker value="ESGR"/>
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        <balance>36564</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5585882.28</valUSD>
        <pctVal>0.2459880812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Allscripts-Misys Healthcare Solutions, Inc</name>
        <lei>Y68YJHVB1GU4TAU3C223</lei>
        <title>Allscripts-Misys Healthcare Solutions, Inc COM</title>
        <cusip>01988P108</cusip>
        <identifiers>
          <isin value="US01988P1084"/>
          <ticker value="MDRX"/>
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        <balance>449496</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3043087.92</valUSD>
        <pctVal>0.1340098700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Renasant Corporation</name>
        <lei>549300OVE6OZHW2UUH81</lei>
        <title>Renasant Corporation COM</title>
        <cusip>75970E107</cusip>
        <identifiers>
          <isin value="US75970E1073"/>
          <ticker value="RNST"/>
        </identifiers>
        <balance>164446</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4094705.4</valUSD>
        <pctVal>0.1803204353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zumiez Inc</name>
        <lei>549300J0PDF58P6HZD25</lei>
        <title>Zumiez Inc COM</title>
        <cusip>989817101</cusip>
        <identifiers>
          <isin value="US9898171015"/>
          <ticker value="ZUMZ"/>
        </identifiers>
        <balance>43662</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1195465.56</valUSD>
        <pctVal>0.0526452697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citi Trends Inc</name>
        <lei>529900D06Q0FPHV34S87</lei>
        <title>Citi Trends Inc COM</title>
        <cusip>17306X102</cusip>
        <identifiers>
          <isin value="US17306X1028"/>
          <ticker value="CTRN"/>
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        <balance>43770</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>885029.4</valUSD>
        <pctVal>0.0389744490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Diamondrock Hospitality Company</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>Diamondrock Hospitality Company COM</title>
        <cusip>252784301</cusip>
        <identifiers>
          <isin value="US2527843013"/>
          <ticker value="DRH"/>
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        <balance>428139</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2367608.67</valUSD>
        <pctVal>0.1042634779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Street Pr</name>
        <lei>549300STLK2T6QY5WO82</lei>
        <title>Franklin Street Pr COM</title>
        <cusip>35471R106</cusip>
        <identifiers>
          <isin value="US35471R1068"/>
          <ticker value="FSP"/>
        </identifiers>
        <balance>350654</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1784828.86</valUSD>
        <pctVal>0.0785993339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Axle &amp; Manufacturing Holdings Inc.</name>
        <lei>N/A</lei>
        <title>American Axle &amp; Manufacturing Holdings Inc. COM</title>
        <cusip>024061103</cusip>
        <identifiers>
          <isin value="US0240611030"/>
          <ticker value="AXL"/>
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        <balance>521684</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3964798.4</valUSD>
        <pctVal>0.1745996607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders Firstsource, Inc. COM</title>
        <cusip>12008R107</cusip>
        <identifiers>
          <isin value="US12008R1077"/>
          <ticker value="BLDR"/>
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        <balance>117929</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2441130.3</valUSD>
        <pctVal>0.1075011839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACCO Brands Corporation</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO Brands Corporation COM</title>
        <cusip>00081T108</cusip>
        <identifiers>
          <isin value="US00081T1088"/>
          <ticker value="ACCO"/>
        </identifiers>
        <balance>672595</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4775424.5</valUSD>
        <pctVal>0.2102975771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Core-Mark Hldg Co</name>
        <lei>529900CI5YANWVE54N57</lei>
        <title>Core-Mark Hldg Co COM</title>
        <cusip>218681104</cusip>
        <identifiers>
          <isin value="US2186811046"/>
          <ticker value="CORE"/>
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        <balance>81477</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2033258.54</valUSD>
        <pctVal>0.0895395466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CBIZ Inc.</name>
        <lei>529900D5X8CFM8O1N813</lei>
        <title>CBIZ Inc. COM</title>
        <cusip>124805102</cusip>
        <identifiers>
          <isin value="US1248051021"/>
          <ticker value="CBZ"/>
        </identifiers>
        <balance>217189</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5206020.33</valUSD>
        <pctVal>0.2292599248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Eagle Outfitter</name>
        <lei>5299001Z9HXK01DHW793</lei>
        <title>American Eagle Outfitter COM</title>
        <cusip>02553E106</cusip>
        <identifiers>
          <isin value="US02553E1064"/>
          <ticker value="AEO"/>
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        <balance>466136</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5080882.4</valUSD>
        <pctVal>0.2237491679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amerisafe Inc</name>
        <lei>N/A</lei>
        <title>Amerisafe Inc COM</title>
        <cusip>03071H100</cusip>
        <identifiers>
          <isin value="US03071H1005"/>
          <ticker value="AMSF"/>
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        <balance>112267</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6866249.72</valUSD>
        <pctVal>0.3023722142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PDL BioPharma, Inc.</name>
        <lei>FE4K0NQFI4D86DSOL165</lei>
        <title>PDL BioPharma, Inc. COM</title>
        <cusip>69329Y104</cusip>
        <identifiers>
          <isin value="US69329Y1047"/>
          <ticker value="PDLI"/>
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        <balance>1396839</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4064801.49</valUSD>
        <pctVal>0.1790035430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Innospec Inc</name>
        <lei>213800SQBACNY5IWJO68</lei>
        <title>Innospec Inc COM</title>
        <cusip>45768S105</cusip>
        <identifiers>
          <isin value="US45768S1050"/>
          <ticker value="IOSP"/>
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        <balance>124407</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9610440.75</valUSD>
        <pctVal>0.4232194237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Potlatchdeltic Corporation</name>
        <lei>54930084YA8UJOTXDM59</lei>
        <title>Potlatchdeltic Corporation COM</title>
        <cusip>737630103</cusip>
        <identifiers>
          <isin value="US7376301039"/>
          <ticker value="PCH"/>
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        <balance>268586</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10214325.58</valUSD>
        <pctVal>0.4498129792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amkor Technology, Inc.</name>
        <lei>529900VHLRTKPWZJBM84</lei>
        <title>Amkor Technology, Inc. COM</title>
        <cusip>031652100</cusip>
        <identifiers>
          <isin value="US0316521006"/>
          <ticker value="AMKR"/>
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        <balance>1142865</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14068668.15</valUSD>
        <pctVal>0.6195484454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Andersons Inc</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
        <title>The Andersons Inc COM</title>
        <cusip>034164103</cusip>
        <identifiers>
          <isin value="US0341641035"/>
          <ticker value="ANDE"/>
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        <balance>354163</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4873282.88</valUSD>
        <pctVal>0.2146070118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Haynes International, Inc.</name>
        <lei>549300I9MS5UZLRFDO40</lei>
        <title>Haynes International, Inc. COM NEW</title>
        <cusip>420877201</cusip>
        <identifiers>
          <isin value="US4208772016"/>
          <ticker value="HAYN"/>
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        <balance>21174</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>494624.64</valUSD>
        <pctVal>0.0217820140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Business Fin</name>
        <lei>N/A</lei>
        <title>First Business Fin COM</title>
        <cusip>319390100</cusip>
        <identifiers>
          <isin value="US3193901002"/>
          <ticker value="FBIZ"/>
        </identifiers>
        <balance>33526</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>551502.7</valUSD>
        <pctVal>0.0242867794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Green Plains Inc</name>
        <lei>VJ5WLTHARBSDR14KIZ98</lei>
        <title>Green Plains Inc COM</title>
        <cusip>393222104</cusip>
        <identifiers>
          <isin value="US3932221043"/>
          <ticker value="GPRE"/>
        </identifiers>
        <balance>219795</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2245205.93</valUSD>
        <pctVal>0.0988731718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Portland General Electric Company</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>Portland General Electric Company COM NEW</title>
        <cusip>736508847</cusip>
        <identifiers>
          <isin value="US7365088472"/>
          <ticker value="POR"/>
        </identifiers>
        <balance>85876</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3590475.56</valUSD>
        <pctVal>0.1581154327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Applied Indl Techs</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Indl Techs COM</title>
        <cusip>03820C105</cusip>
        <identifiers>
          <isin value="US03820C1053"/>
          <ticker value="AIT"/>
        </identifiers>
        <balance>32101</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2002781.39</valUSD>
        <pctVal>0.0881974103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compass Div Hldgs</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>Compass Div Hldgs SH BEN INT</title>
        <cusip>20451Q104</cusip>
        <identifiers>
          <isin value="US20451Q1040"/>
          <ticker value="CODI"/>
        </identifiers>
        <balance>131364</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2264715.36</valUSD>
        <pctVal>0.0997323176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Bancshares</name>
        <lei>N/A</lei>
        <title>Home Bancshares COM</title>
        <cusip>436893200</cusip>
        <identifiers>
          <isin value="US4368932004"/>
          <ticker value="HOMB"/>
        </identifiers>
        <balance>448931</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6904558.78</valUSD>
        <pctVal>0.3040592480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaiser Aluminium Corporation</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminium Corporation COM PAR $0.01</title>
        <cusip>483007704</cusip>
        <identifiers>
          <isin value="US4830077040"/>
          <ticker value="KALU"/>
        </identifiers>
        <balance>111212</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8187427.44</valUSD>
        <pctVal>0.3605535285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arrow Financial Corporation</name>
        <lei>N/A</lei>
        <title>Arrow Financial Corporation COM</title>
        <cusip>042744102</cusip>
        <identifiers>
          <isin value="US0427441029"/>
          <ticker value="AROW"/>
        </identifiers>
        <balance>15428</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>458674.44</valUSD>
        <pctVal>0.0201988584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Solar Inc</name>
        <lei>5493001XSC6TKMBVOM15</lei>
        <title>Canadian Solar Inc COM</title>
        <cusip>136635109</cusip>
        <identifiers>
          <isin value="CA1366351098"/>
          <ticker value="CSIQ"/>
        </identifiers>
        <balance>62804</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1210233.08</valUSD>
        <pctVal>0.0532955938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KBR Inc</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR Inc COM</title>
        <cusip>48242W106</cusip>
        <identifiers>
          <isin value="US48242W1062"/>
          <ticker value="KBR"/>
        </identifiers>
        <balance>200037</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4510834.35</valUSD>
        <pctVal>0.1986456983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gold Resource Corp</name>
        <lei>5299006MQBYLDAOI2D32</lei>
        <title>Gold Resource Corp COM</title>
        <cusip>38068T105</cusip>
        <identifiers>
          <isin value="US38068T1051"/>
          <ticker value="GORO"/>
        </identifiers>
        <balance>118484</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486969.24</valUSD>
        <pctVal>0.0214448896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astec Industries</name>
        <lei>5493002DO2QKHLKB2A48</lei>
        <title>Astec Industries COM</title>
        <cusip>046224101</cusip>
        <identifiers>
          <isin value="US0462241011"/>
          <ticker value="ASTE"/>
        </identifiers>
        <balance>38148</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1766633.88</valUSD>
        <pctVal>0.0777980732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Garden &amp; Pet Company</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Company CL A NON-VTG</title>
        <cusip>153527205</cusip>
        <identifiers>
          <isin value="US1535272058"/>
          <ticker value="CENTA"/>
        </identifiers>
        <balance>25788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>871376.52</valUSD>
        <pctVal>0.0383732108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods, Inc. COM</title>
        <cusip>05508R106</cusip>
        <identifiers>
          <isin value="US05508R1068"/>
          <ticker value="BGS"/>
        </identifiers>
        <balance>108364</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2641914.32</valUSD>
        <pctVal>0.1163432027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clean Energy Fuels Corp.</name>
        <lei>549300MTQB4VUAOPMF71</lei>
        <title>Clean Energy Fuels Corp. COM</title>
        <cusip>184499101</cusip>
        <identifiers>
          <isin value="US1844991018"/>
          <ticker value="CLNE"/>
        </identifiers>
        <balance>339967</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>754726.74</valUSD>
        <pctVal>0.0332362505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penske Automotive Group, Inc.</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
        <title>Penske Automotive Group, Inc. COM</title>
        <cusip>70959W103</cusip>
        <identifiers>
          <isin value="US70959W1036"/>
          <ticker value="PAG"/>
        </identifiers>
        <balance>170183</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6587783.93</valUSD>
        <pctVal>0.2901092875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hilltop Holdings Inc</name>
        <lei>54930010TA543US0PM65</lei>
        <title>Hilltop Holdings Inc COM</title>
        <cusip>432748101</cusip>
        <identifiers>
          <isin value="US4327481010"/>
          <ticker value="HTH"/>
        </identifiers>
        <balance>152632</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2816060.4</valUSD>
        <pctVal>0.1240121541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DANA INCORPORATED</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>DANA INCORPORATED COM</title>
        <cusip>235825205</cusip>
        <identifiers>
          <isin value="US2358252052"/>
          <ticker value="DAN"/>
        </identifiers>
        <balance>461102</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5620833.38</valUSD>
        <pctVal>0.2475272389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust COM SH BEN INT</title>
        <cusip>81761L102</cusip>
        <identifiers>
          <isin value="US81761L1026"/>
          <ticker value="SVC"/>
        </identifiers>
        <balance>65844</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>466833.96</valUSD>
        <pctVal>0.0205581830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flushing Financial Corporation</name>
        <lei>N/A</lei>
        <title>Flushing Financial Corporation COM</title>
        <cusip>343873105</cusip>
        <identifiers>
          <isin value="US3438731057"/>
          <ticker value="FFIC"/>
        </identifiers>
        <balance>377752</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4351703.04</valUSD>
        <pctVal>0.1916379592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foot Locker, Inc.</name>
        <lei>549300X383CBNP6MTV94</lei>
        <title>Foot Locker, Inc. COM</title>
        <cusip>344849104</cusip>
        <identifiers>
          <isin value="US3448491049"/>
          <ticker value="FL"/>
        </identifiers>
        <balance>229668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6697118.88</valUSD>
        <pctVal>0.2949241212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foster(Lb)&amp; Co</name>
        <lei>549300AUUJGJ2T2L2179</lei>
        <title>Foster(Lb)&amp; Co COM</title>
        <cusip>350060109</cusip>
        <identifiers>
          <isin value="US3500601097"/>
          <ticker value="FSTR"/>
        </identifiers>
        <balance>28823</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>368069.71</valUSD>
        <pctVal>0.0162088560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H.B. Fuller Company</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>H.B. Fuller Company COM</title>
        <cusip>359694106</cusip>
        <identifiers>
          <isin value="US3596941068"/>
          <ticker value="FUL"/>
        </identifiers>
        <balance>280164</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12495314.4</valUSD>
        <pctVal>0.5502619387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fulton Financial Corporation</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>Fulton Financial Corporation COM</title>
        <cusip>360271100</cusip>
        <identifiers>
          <isin value="US3602711000"/>
          <ticker value="FULT"/>
        </identifiers>
        <balance>764406</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8049195.18</valUSD>
        <pctVal>0.3544661305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GATX Corporation</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX Corporation COM</title>
        <cusip>361448103</cusip>
        <identifiers>
          <isin value="US3614481030"/>
          <ticker value="GATX"/>
        </identifiers>
        <balance>208917</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12739758.66</valUSD>
        <pctVal>0.5610266436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>German American Bancorp, Inc.</name>
        <lei>5493002JDOI3GTNVUD76</lei>
        <title>German American Bancorp, Inc. COM</title>
        <cusip>373865104</cusip>
        <identifiers>
          <isin value="US3738651047"/>
          <ticker value="GABC"/>
        </identifiers>
        <balance>64307</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1999947.7</valUSD>
        <pctVal>0.0880726217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Getty Realty Corp</name>
        <lei>N/A</lei>
        <title>Getty Realty Corp COM</title>
        <cusip>374297109</cusip>
        <identifiers>
          <isin value="US3742971092"/>
          <ticker value="GTY"/>
        </identifiers>
        <balance>97800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2902704</valUSD>
        <pctVal>0.1278277184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>P.H. Glatfelter Company</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>P.H. Glatfelter Company COM</title>
        <cusip>377316104</cusip>
        <identifiers>
          <isin value="US3773161043"/>
          <ticker value="GLT"/>
        </identifiers>
        <balance>229697</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3686636.85</valUSD>
        <pctVal>0.1623501319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc. COM</title>
        <cusip>389375106</cusip>
        <identifiers>
          <isin value="US3893751061"/>
          <ticker value="GTN"/>
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        <balance>156223</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2179310.85</valUSD>
        <pctVal>0.0959713197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Great Southern Bancorp, Inc.</name>
        <lei>5493000ZL7DLNMN1AB26</lei>
        <title>Great Southern Bancorp, Inc. COM</title>
        <cusip>390905107</cusip>
        <identifiers>
          <isin value="US3909051076"/>
          <ticker value="GSBC"/>
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        <balance>43155</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1741735.8</valUSD>
        <pctVal>0.0767016249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Group 1 Automotive, Inc.</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>Group 1 Automotive, Inc. COM</title>
        <cusip>398905109</cusip>
        <identifiers>
          <isin value="US3989051095"/>
          <ticker value="GPI"/>
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        <balance>257783</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17005944.51</valUSD>
        <pctVal>0.7488986428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hancock Whitney Corporation</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>Hancock Whitney Corporation COM</title>
        <cusip>410120109</cusip>
        <identifiers>
          <isin value="US4101201097"/>
          <ticker value="HWC"/>
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        <balance>341094</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7231192.8</valUSD>
        <pctVal>0.3184433814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harvard Bioscience</name>
        <lei>549300VLGB1D47GGC642</lei>
        <title>Harvard Bioscience COM</title>
        <cusip>416906105</cusip>
        <identifiers>
          <isin value="US4169061052"/>
          <ticker value="HBIO"/>
        </identifiers>
        <balance>64939</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201310.9</valUSD>
        <pctVal>0.0088652212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haverty Furniture</name>
        <lei>529900CVFMMIRXZVPD70</lei>
        <title>Haverty Furniture COM</title>
        <cusip>419596101</cusip>
        <identifiers>
          <isin value="US4195961010"/>
          <ticker value="HVT"/>
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        <balance>189720</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3035520</valUSD>
        <pctVal>0.1336765980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hawaiian Holdings Inc.</name>
        <lei>529900TQUS2JVPSSPP86</lei>
        <title>Hawaiian Holdings Inc. COM</title>
        <cusip>419879101</cusip>
        <identifiers>
          <isin value="US4198791018"/>
          <ticker value="HA"/>
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        <balance>301125</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4227795</valUSD>
        <pctVal>0.1861813636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hawkins Inc</name>
        <lei>549300VL3IJ23OWX1Y34</lei>
        <title>Hawkins Inc COM</title>
        <cusip>420261109</cusip>
        <identifiers>
          <isin value="US4202611095"/>
          <ticker value="HWKN"/>
        </identifiers>
        <balance>17984</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>765758.72</valUSD>
        <pctVal>0.0337220709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Healthcare Realty Trust Incorporated</name>
        <lei>549300CB86LH2IOKHH22</lei>
        <title>Healthcare Realty Trust Incorporated COM</title>
        <cusip>421946104</cusip>
        <identifiers>
          <isin value="US4219461047"/>
          <ticker value="HR"/>
        </identifiers>
        <balance>220482</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6457917.78</valUSD>
        <pctVal>0.2843903117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heartland Financial USA, Inc.</name>
        <lei>549300QF7B0DFZT32C73</lei>
        <title>Heartland Financial USA, Inc. COM</title>
        <cusip>42234Q102</cusip>
        <identifiers>
          <isin value="US42234Q1022"/>
          <ticker value="HTLF"/>
        </identifiers>
        <balance>136341</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4559243.04</valUSD>
        <pctVal>0.2007774942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Helen Of Troy Corp</name>
        <lei>N/A</lei>
        <title>Helen Of Troy Corp COM STK USD0.10</title>
        <cusip>G4388N106</cusip>
        <identifiers>
          <isin value="BMG4388N1065"/>
          <ticker value="HELE"/>
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        <balance>19505</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3677862.8</valUSD>
        <pctVal>0.1619637450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heritage Financial</name>
        <lei>N/A</lei>
        <title>Heritage Financial COM</title>
        <cusip>42722X106</cusip>
        <identifiers>
          <isin value="US42722X1063"/>
          <ticker value="HFWA"/>
        </identifiers>
        <balance>81355</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1627100</valUSD>
        <pctVal>0.0716533552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hooker Furniture C</name>
        <lei>N/A</lei>
        <title>Hooker Furniture C COM</title>
        <cusip>439038100</cusip>
        <identifiers>
          <isin value="US4390381006"/>
          <ticker value="HOFT"/>
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        <balance>138788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2699426.6</valUSD>
        <pctVal>0.1188758975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Horace Mann Educators Corporation</name>
        <lei>254900G5YAV3A2YK8T32</lei>
        <title>Horace Mann Educators Corporation COM</title>
        <cusip>440327104</cusip>
        <identifiers>
          <isin value="US4403271046"/>
          <ticker value="HMN"/>
        </identifiers>
        <balance>386010</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14178147.3</valUSD>
        <pctVal>0.6243696293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Horizon Bancorp Inc</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp Inc COM</title>
        <cusip>440407104</cusip>
        <identifiers>
          <isin value="US4404071049"/>
          <ticker value="HBNC"/>
        </identifiers>
        <balance>74062</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>791722.78</valUSD>
        <pctVal>0.0348654622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iberiabank Corp</name>
        <lei>WQ4U3ADCR5WID15LA317</lei>
        <title>Iberiabank Corp COM</title>
        <cusip>450828108</cusip>
        <identifiers>
          <isin value="US4508281080"/>
          <ticker value="IBKC"/>
        </identifiers>
        <balance>225525</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10270408.5</valUSD>
        <pctVal>0.4522827287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Independent Bank Corp.</name>
        <lei>N/A</lei>
        <title>Independent Bank Corp. COM</title>
        <cusip>453836108</cusip>
        <identifiers>
          <isin value="US4538361084"/>
          <ticker value="INDB"/>
        </identifiers>
        <balance>172563</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11577251.67</valUSD>
        <pctVal>0.5098327857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Busey Corporation</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
        <title>First Busey Corporation COM NEW</title>
        <cusip>319383204</cusip>
        <identifiers>
          <isin value="US3193832041"/>
          <ticker value="BUSE"/>
        </identifiers>
        <balance>24591</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>458622.15</valUSD>
        <pctVal>0.0201965557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ingles Markets, Incorporated</name>
        <lei>549300XH5RYBMYP8TF26</lei>
        <title>Ingles Markets, Incorporated CL A</title>
        <cusip>457030104</cusip>
        <identifiers>
          <isin value="US4570301048"/>
          <ticker value="IMKTA"/>
        </identifiers>
        <balance>59075</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2544360.25</valUSD>
        <pctVal>0.1120471690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Insight Enterprise</name>
        <lei>529900S8991TYW6YP792</lei>
        <title>Insight Enterprise COM</title>
        <cusip>45765U103</cusip>
        <identifiers>
          <isin value="US45765U1034"/>
          <ticker value="NSIT"/>
        </identifiers>
        <balance>268884</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13229092.8</valUSD>
        <pctVal>0.5825756774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inter Parfums Inc</name>
        <lei>N/A</lei>
        <title>Inter Parfums Inc COM</title>
        <cusip>458334109</cusip>
        <identifiers>
          <isin value="US4583341098"/>
          <ticker value="IPAR"/>
        </identifiers>
        <balance>174986</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8425575.9</valUSD>
        <pctVal>0.3710409823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intl Bancshares Cp</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>Intl Bancshares Cp COM</title>
        <cusip>459044103</cusip>
        <identifiers>
          <isin value="US4590441030"/>
          <ticker value="IBOC"/>
        </identifiers>
        <balance>160690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5145293.8</valUSD>
        <pctVal>0.2265856825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invacare Corporation</name>
        <lei>549300NNUTG7HCZICS76</lei>
        <title>Invacare Corporation COM</title>
        <cusip>461203101</cusip>
        <identifiers>
          <isin value="US4612031017"/>
          <ticker value="IVC"/>
        </identifiers>
        <balance>56977</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362943.49</valUSD>
        <pctVal>0.0159831103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kadant Inc</name>
        <lei>549300K06LNJYBMPYP15</lei>
        <title>Kadant Inc COM</title>
        <cusip>48282T104</cusip>
        <identifiers>
          <isin value="US48282T1043"/>
          <ticker value="KAI"/>
        </identifiers>
        <balance>37495</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3736751.7</valUSD>
        <pctVal>0.1645570627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaman Corporation</name>
        <lei>5493003YK076OLTEQF95</lei>
        <title>Kaman Corporation COM</title>
        <cusip>483548103</cusip>
        <identifiers>
          <isin value="US4835481031"/>
          <ticker value="KAMN"/>
        </identifiers>
        <balance>123934</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5155654.4</valUSD>
        <pctVal>0.2270419371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB Home</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB Home COM</title>
        <cusip>48666K109</cusip>
        <identifiers>
          <isin value="US48666K1097"/>
          <ticker value="KBH"/>
        </identifiers>
        <balance>375673</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11525647.64</valUSD>
        <pctVal>0.5075602752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kennametal Inc</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>Kennametal Inc COM</title>
        <cusip>489170100</cusip>
        <identifiers>
          <isin value="US4891701009"/>
          <ticker value="KMT"/>
        </identifiers>
        <balance>83884</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2408309.64</valUSD>
        <pctVal>0.1060558453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KforceCom Inc</name>
        <lei>5493003RDQQDVXY2SK46</lei>
        <title>KforceCom Inc COM</title>
        <cusip>493732101</cusip>
        <identifiers>
          <isin value="US4937321010"/>
          <ticker value="KFRC"/>
        </identifiers>
        <balance>72529</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2121473.25</valUSD>
        <pctVal>0.0934242986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korn Ferry</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>Korn Ferry COM NEW</title>
        <cusip>500643200</cusip>
        <identifiers>
          <isin value="US5006432000"/>
          <ticker value="KFY"/>
        </identifiers>
        <balance>313992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9648974.16</valUSD>
        <pctVal>0.4249163373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LTC Properties Inc</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC Properties Inc COM</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
          <ticker value="LTC"/>
        </identifiers>
        <balance>119300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4494031</valUSD>
        <pctVal>0.1979057214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LSI Industries</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI Industries COM</title>
        <cusip>50216C108</cusip>
        <identifiers>
          <isin value="US50216C1080"/>
          <ticker value="LYTS"/>
        </identifiers>
        <balance>44319</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>286743.93</valUSD>
        <pctVal>0.0126274751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>La-Z-Boy Inc</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>La-Z-Boy Inc COM</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <ticker value="LZB"/>
        </identifiers>
        <balance>292242</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7908068.52</valUSD>
        <pctVal>0.3482512705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lakeland Financial</name>
        <lei>N/A</lei>
        <title>Lakeland Financial COM</title>
        <cusip>511656100</cusip>
        <identifiers>
          <isin value="US5116561003"/>
          <ticker value="LKFN"/>
        </identifiers>
        <balance>157402</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7333359.18</valUSD>
        <pctVal>0.3229425295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lakeland Inds</name>
        <lei>549300HGP70IM9WKU164</lei>
        <title>Lakeland Inds COM</title>
        <cusip>511795106</cusip>
        <identifiers>
          <isin value="US5117951062"/>
          <ticker value="LAKE"/>
        </identifiers>
        <balance>13489</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302558.27</valUSD>
        <pctVal>0.0133238985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lakeland Bancorp, Inc.</name>
        <lei>549300NF90LR9ETZDR73</lei>
        <title>Lakeland Bancorp, Inc. COM</title>
        <cusip>511637100</cusip>
        <identifiers>
          <isin value="US5116371007"/>
          <ticker value="LBAI"/>
        </identifiers>
        <balance>322957</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3691398.51</valUSD>
        <pctVal>0.1625598233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lannett Company, Inc.</name>
        <lei>5299001DJ6C90XX17G45</lei>
        <title>Lannett Company, Inc. COM</title>
        <cusip>516012101</cusip>
        <identifiers>
          <isin value="US5160121019"/>
          <ticker value="LCI"/>
        </identifiers>
        <balance>68247</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495473.22</valUSD>
        <pctVal>0.0218193833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lexington Realty Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>Lexington Realty Trust COM</title>
        <cusip>529043101</cusip>
        <identifiers>
          <isin value="US5290431015"/>
          <ticker value="LXP"/>
        </identifiers>
        <balance>659131</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6953832.05</valUSD>
        <pctVal>0.3062291178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors Incorporated CL A</title>
        <cusip>536797103</cusip>
        <identifiers>
          <isin value="US5367971034"/>
          <ticker value="LAD"/>
        </identifiers>
        <balance>22797</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3449870.01</valUSD>
        <pctVal>0.1519235210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M.D.C. Holdings Inc.</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>M.D.C. Holdings Inc. COM</title>
        <cusip>552676108</cusip>
        <identifiers>
          <isin value="US5526761086"/>
          <ticker value="MDC"/>
        </identifiers>
        <balance>171828</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6134259.6</valUSD>
        <pctVal>0.2701372268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTS Systems Corp</name>
        <lei>549300E7ZL4ZDETLML64</lei>
        <title>MTS Systems Corp COM</title>
        <cusip>553777103</cusip>
        <identifiers>
          <isin value="US5537771033"/>
          <ticker value="MTSC"/>
        </identifiers>
        <balance>6263</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110166.17</valUSD>
        <pctVal>0.0048514386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M/I Homes, Inc.</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I Homes, Inc. COM</title>
        <cusip>55305B101</cusip>
        <identifiers>
          <isin value="US55305B1017"/>
          <ticker value="MHO"/>
        </identifiers>
        <balance>47618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1639963.92</valUSD>
        <pctVal>0.0722198495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFA Financial Inc.</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc. COM</title>
        <cusip>55272X102</cusip>
        <identifiers>
          <isin value="US55272X1028"/>
          <ticker value="MFA"/>
        </identifiers>
        <balance>837952</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2086500.48</valUSD>
        <pctVal>0.0918841865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mack Cali Realty Corp</name>
        <lei>N/A</lei>
        <title>Mack Cali Realty Corp COM</title>
        <cusip>554489104</cusip>
        <identifiers>
          <isin value="US5544891048"/>
          <ticker value="CLI"/>
        </identifiers>
        <balance>435112</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6652862.48</valUSD>
        <pctVal>0.2929751817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teekay Corporation</name>
        <lei>YHKQM2RIPKZYOZ6RVZ46</lei>
        <title>Teekay Corporation COM STK USD0.001</title>
        <cusip>Y8564W103</cusip>
        <identifiers>
          <isin value="MHY8564W1030"/>
          <ticker value="TK"/>
        </identifiers>
        <balance>41912</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100588.8</valUSD>
        <pctVal>0.0044296755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mantech International Corporation</name>
        <lei>5299007N03CAU4SWNR02</lei>
        <title>Mantech International Corporation CL A</title>
        <cusip>564563104</cusip>
        <identifiers>
          <isin value="US5645631046"/>
          <ticker value="MANT"/>
        </identifiers>
        <balance>52968</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3627778.32</valUSD>
        <pctVal>0.1597581515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marcus Corp</name>
        <lei>549300NL0OKPNEMP6B79</lei>
        <title>Marcus Corp COM</title>
        <cusip>566330106</cusip>
        <identifiers>
          <isin value="US5663301068"/>
          <ticker value="MCS"/>
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        <balance>319528</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4240136.56</valUSD>
        <pctVal>0.1867248545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mastec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>Mastec, Inc. COM</title>
        <cusip>576323109</cusip>
        <identifiers>
          <isin value="US5763231090"/>
          <ticker value="MTZ"/>
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        <balance>126509</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5676458.83</valUSD>
        <pctVal>0.2499768426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matrix Service Co</name>
        <lei>529900VYBKSX6HD2YW58</lei>
        <title>Matrix Service Co COM</title>
        <cusip>576853105</cusip>
        <identifiers>
          <isin value="US5768531056"/>
          <ticker value="MTRX"/>
        </identifiers>
        <balance>246978</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2400626.16</valUSD>
        <pctVal>0.1057174844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matthews International Corp</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corp CL A</title>
        <cusip>577128101</cusip>
        <identifiers>
          <isin value="US5771281012"/>
          <ticker value="MATW"/>
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        <balance>31340</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>598594</valUSD>
        <pctVal>0.0263605608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mcgrath Rentcorp</name>
        <lei>N/A</lei>
        <title>Mcgrath Rentcorp COM</title>
        <cusip>580589109</cusip>
        <identifiers>
          <isin value="US5805891091"/>
          <ticker value="MGRC"/>
        </identifiers>
        <balance>101880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5502538.8</valUSD>
        <pctVal>0.2423178458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MedCath Holdings Corp.</name>
        <lei>N/A</lei>
        <title>MedCath Holdings Corp. COM</title>
        <cusip>58404W109</cusip>
        <identifiers>
          <isin value="US58404W1099"/>
          <ticker value="MDTH"/>
        </identifiers>
        <balance>106845</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercantile Bank Cp</name>
        <lei>P16VZZCKTJ5IONL6XE37</lei>
        <title>Mercantile Bank Cp COM</title>
        <cusip>587376104</cusip>
        <identifiers>
          <isin value="US5873761044"/>
          <ticker value="MBWM"/>
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        <balance>27419</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>619669.4</valUSD>
        <pctVal>0.0272886679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercer International Inc.</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>Mercer International Inc. COM</title>
        <cusip>588056101</cusip>
        <identifiers>
          <isin value="US5880561015"/>
          <ticker value="MERC"/>
        </identifiers>
        <balance>457492</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3733134.72</valUSD>
        <pctVal>0.1643977801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meredith Corp</name>
        <lei>549300YC8BC386CCTS24</lei>
        <title>Meredith Corp COM</title>
        <cusip>589433101</cusip>
        <identifiers>
          <isin value="US5894331017"/>
          <ticker value="MDP"/>
        </identifiers>
        <balance>214395</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3119447.25</valUSD>
        <pctVal>0.1373725411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERITAGE HOMES CORP</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>MERITAGE HOMES CORP COM</title>
        <cusip>59001A102</cusip>
        <identifiers>
          <isin value="US59001A1025"/>
          <ticker value="MTH"/>
        </identifiers>
        <balance>201339</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15325924.68</valUSD>
        <pctVal>0.6749148326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Methode Elec Inc</name>
        <lei>529900VM413LGLUS3F07</lei>
        <title>Methode Elec Inc COM</title>
        <cusip>591520200</cusip>
        <identifiers>
          <isin value="US5915202007"/>
          <ticker value="MEI"/>
        </identifiers>
        <balance>62758</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1961815.08</valUSD>
        <pctVal>0.0863933579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Miller Industries</name>
        <lei>N/A</lei>
        <title>Miller Industries COM NEW</title>
        <cusip>600551204</cusip>
        <identifiers>
          <isin value="US6005512040"/>
          <ticker value="MLR"/>
        </identifiers>
        <balance>19297</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>574471.69</valUSD>
        <pctVal>0.0252982755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Minerals Technlogs</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technlogs COM</title>
        <cusip>603158106</cusip>
        <identifiers>
          <isin value="US6031581068"/>
          <ticker value="MTX"/>
        </identifiers>
        <balance>268099</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12581886.07</valUSD>
        <pctVal>0.5540743354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Modine Mfg Co</name>
        <lei>Z35SZFYJR8GZZRSIUU09</lei>
        <title>Modine Mfg Co COM</title>
        <cusip>607828100</cusip>
        <identifiers>
          <isin value="US6078281002"/>
          <ticker value="MOD"/>
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        <balance>176135</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>972265.2</valUSD>
        <pctVal>0.0428160922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Monarch Casino Res</name>
        <lei>549300AK5FF7KY11V997</lei>
        <title>Monarch Casino Res COM</title>
        <cusip>609027107</cusip>
        <identifiers>
          <isin value="US6090271072"/>
          <ticker value="MCRI"/>
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        <balance>24064</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>820101.12</valUSD>
        <pctVal>0.0361151723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Monmouth Real Estate Investment Corporation</name>
        <lei>549300DFIUDCN3KVN260</lei>
        <title>Monmouth Real Estate Investment Corporation CL A</title>
        <cusip>609720107</cusip>
        <identifiers>
          <isin value="US6097201072"/>
          <ticker value="MNR"/>
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        <balance>78327</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1134958.23</valUSD>
        <pctVal>0.0499806804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Moog Inc.</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>Moog Inc. CL A</title>
        <cusip>615394202</cusip>
        <identifiers>
          <isin value="US6153942023"/>
          <ticker value="MOG/A"/>
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        <balance>184527</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9776240.46</valUSD>
        <pctVal>0.4305208222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Movado Group Inc</name>
        <lei>549300WCGCGPWGHVXM59</lei>
        <title>Movado Group Inc COM</title>
        <cusip>624580106</cusip>
        <identifiers>
          <isin value="US6245801062"/>
          <ticker value="MOV"/>
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        <balance>115504</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1252063.36</valUSD>
        <pctVal>0.0551376932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Myers Inds Inc</name>
        <lei>549300I2H9XMVTCW4Q51</lei>
        <title>Myers Inds Inc COM</title>
        <cusip>628464109</cusip>
        <identifiers>
          <isin value="US6284641098"/>
          <ticker value="MYE"/>
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        <balance>298315</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4340483.25</valUSD>
        <pctVal>0.1911438681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Myriad Genetics In</name>
        <lei>52990044IHUOUMETT163</lei>
        <title>Myriad Genetics In COM</title>
        <cusip>62855J104</cusip>
        <identifiers>
          <isin value="US62855J1043"/>
          <ticker value="MYGN"/>
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        <balance>436574</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4950749.16</valUSD>
        <pctVal>0.2180184302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NBT Bancorp Inc</name>
        <lei>N/A</lei>
        <title>NBT Bancorp Inc COM</title>
        <cusip>628778102</cusip>
        <identifiers>
          <isin value="US6287781024"/>
          <ticker value="NBTB"/>
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        <balance>250661</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7710332.36</valUSD>
        <pctVal>0.3395434718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nl Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Nl Industries, Inc. COM NEW</title>
        <cusip>629156407</cusip>
        <identifiers>
          <isin value="US6291564077"/>
          <ticker value="NL"/>
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        <balance>36460</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>124328.6</valUSD>
        <pctVal>0.0054751161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Healthcare Corporation</name>
        <lei>N/A</lei>
        <title>National Healthcare Corporation COM</title>
        <cusip>635906100</cusip>
        <identifiers>
          <isin value="US6359061008"/>
          <ticker value="NHC"/>
        </identifiers>
        <balance>71641</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4544905.04</valUSD>
        <pctVal>0.2001460850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Fuel Gas Company</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Company COM</title>
        <cusip>636180101</cusip>
        <identifiers>
          <isin value="US6361801011"/>
          <ticker value="NFG"/>
        </identifiers>
        <balance>180436</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7565681.48</valUSD>
        <pctVal>0.3331734141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Health Investors, Inc.</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>National Health Investors, Inc. COM</title>
        <cusip>63633D104</cusip>
        <identifiers>
          <isin value="US63633D1046"/>
          <ticker value="NHI"/>
        </identifiers>
        <balance>168415</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10226158.8</valUSD>
        <pctVal>0.4503340842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Natus Medical Inc</name>
        <lei>549300ZW3JLSJGT2D838</lei>
        <title>Natus Medical Inc COM</title>
        <cusip>639050103</cusip>
        <identifiers>
          <isin value="US6390501038"/>
          <ticker value="NTUS"/>
        </identifiers>
        <balance>79825</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1741781.5</valUSD>
        <pctVal>0.0767036374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Natures Sunshine</name>
        <lei>N/A</lei>
        <title>Natures Sunshine COM</title>
        <cusip>639027101</cusip>
        <identifiers>
          <isin value="US6390271012"/>
          <ticker value="NATR"/>
        </identifiers>
        <balance>32948</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296861.48</valUSD>
        <pctVal>0.0130730263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netscout Systems</name>
        <lei>5493005HZXZ3SPNVCV76</lei>
        <title>Netscout Systems COM</title>
        <cusip>64115T104</cusip>
        <identifiers>
          <isin value="US64115T1043"/>
          <ticker value="NTCT"/>
        </identifiers>
        <balance>133793</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3419749.08</valUSD>
        <pctVal>0.1505970717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW Jersey Res Cp</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>NEW Jersey Res Cp COM</title>
        <cusip>646025106</cusip>
        <identifiers>
          <isin value="US6460251068"/>
          <ticker value="NJR"/>
        </identifiers>
        <balance>236700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7728255</valUSD>
        <pctVal>0.3403327394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newpark Resources, Inc.</name>
        <lei>54930073OHWDQW4DJN26</lei>
        <title>Newpark Resources, Inc. COM PAR $.01NEW</title>
        <cusip>651718504</cusip>
        <identifiers>
          <isin value="US6517185046"/>
          <ticker value="NR"/>
        </identifiers>
        <balance>902480</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2012530.4</valUSD>
        <pctVal>0.0886267319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OceanFirst Financial Corp.</name>
        <lei>N/A</lei>
        <title>OceanFirst Financial Corp. COM</title>
        <cusip>675234108</cusip>
        <identifiers>
          <isin value="US6752341080"/>
          <ticker value="OCFC"/>
        </identifiers>
        <balance>238901</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4211824.63</valUSD>
        <pctVal>0.1854780690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The ODP Corporation</name>
        <lei>549300OI428NU7XTM839</lei>
        <title>The ODP Corporation COM</title>
        <cusip>676220106</cusip>
        <identifiers>
          <isin value="US6762201068"/>
          <ticker value="ODP"/>
        </identifiers>
        <balance>2063043</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4848151.05</valUSD>
        <pctVal>0.2135002698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oil States International, Inc.</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc. COM</title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
          <ticker value="OIS"/>
        </identifiers>
        <balance>53092</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252187</valUSD>
        <pctVal>0.0111056755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old National Bancorp</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp COM</title>
        <cusip>680033107</cusip>
        <identifiers>
          <isin value="US6800331075"/>
          <ticker value="ONB"/>
        </identifiers>
        <balance>439533</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6047974.08</valUSD>
        <pctVal>0.2663374315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old Second Bancorp, Inc.</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp, Inc. COM</title>
        <cusip>680277100</cusip>
        <identifiers>
          <isin value="US6802771005"/>
          <ticker value="OSBC"/>
        </identifiers>
        <balance>50225</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>390750.5</valUSD>
        <pctVal>0.0172076605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>One Liberty Properties Incorporation</name>
        <lei>549300QII1CQZGZBZR14</lei>
        <title>One Liberty Properties Incorporation COM</title>
        <cusip>682406103</cusip>
        <identifiers>
          <isin value="US6824061039"/>
          <ticker value="OLP"/>
        </identifiers>
        <balance>155436</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2738782.32</valUSD>
        <pctVal>0.1206090236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Otter Tail Corporation</name>
        <lei>549300HHVBQRQUVKKD91</lei>
        <title>Otter Tail Corporation COM</title>
        <cusip>689648103</cusip>
        <identifiers>
          <isin value="US6896481032"/>
          <ticker value="OTTR"/>
        </identifiers>
        <balance>204958</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7950320.82</valUSD>
        <pctVal>0.3501119546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Owens &amp; Minor Inc</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>Owens &amp; Minor Inc COM</title>
        <cusip>690732102</cusip>
        <identifiers>
          <isin value="US6907321029"/>
          <ticker value="OMI"/>
        </identifiers>
        <balance>106346</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>810356.52</valUSD>
        <pctVal>0.0356860448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oxford Industries, Inc.</name>
        <lei>IDZ20O0XD3GS4UOI2L88</lei>
        <title>Oxford Industries, Inc. COM</title>
        <cusip>691497309</cusip>
        <identifiers>
          <isin value="US6914973093"/>
          <ticker value="OXM"/>
        </identifiers>
        <balance>28823</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1268500.23</valUSD>
        <pctVal>0.0558615312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pctel Inc</name>
        <lei>N/A</lei>
        <title>Pctel Inc COM</title>
        <cusip>69325Q105</cusip>
        <identifiers>
          <isin value="US69325Q1058"/>
          <ticker value="PCTI"/>
        </identifiers>
        <balance>40999</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273873.32</valUSD>
        <pctVal>0.0120606860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PC Connection</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection COM</title>
        <cusip>69318J100</cusip>
        <identifiers>
          <isin value="US69318J1007"/>
          <ticker value="CNXN"/>
        </identifiers>
        <balance>250263</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11602192.68</valUSD>
        <pctVal>0.5109311245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pico Holdings</name>
        <lei>N/A</lei>
        <title>Pico Holdings COM NEW</title>
        <cusip>693366205</cusip>
        <identifiers>
          <isin value="US6933662057"/>
          <ticker value="PICO"/>
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        <balance>19313</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162808.59</valUSD>
        <pctVal>0.0071696772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNM Resources Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>PNM Resources Inc. COM</title>
        <cusip>69349H107</cusip>
        <identifiers>
          <isin value="US69349H1077"/>
          <ticker value="PNM"/>
        </identifiers>
        <balance>438809</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16867817.96</valUSD>
        <pctVal>0.7428159000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pacific Premier Bancorp Inc</name>
        <lei>549300Q1KIC3KLI0XG98</lei>
        <title>Pacific Premier Bancorp Inc COM</title>
        <cusip>69478X105</cusip>
        <identifiers>
          <isin value="US69478X1054"/>
          <ticker value="PPBI"/>
        </identifiers>
        <balance>155273</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3366318.64</valUSD>
        <pctVal>0.1482441307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peapack-Gladstone Financial Corporation</name>
        <lei>549300G8DN2UK8K0ET30</lei>
        <title>Peapack-Gladstone Financial Corporation COM</title>
        <cusip>704699107</cusip>
        <identifiers>
          <isin value="US7046991078"/>
          <ticker value="PGC"/>
        </identifiers>
        <balance>38277</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>716928.21</valUSD>
        <pctVal>0.0315716991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIS CORPORATION</name>
        <lei>5493000Q1S5TJIDIQH89</lei>
        <title>REGIS CORPORATION COM</title>
        <cusip>758932107</cusip>
        <identifiers>
          <isin value="US7589321071"/>
          <ticker value="RGS"/>
        </identifiers>
        <balance>177925</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1455426.5</valUSD>
        <pctVal>0.0640932898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Photronics, Inc.</name>
        <lei>549300OK5JVNIBNY6F63</lei>
        <title>Photronics, Inc. COM</title>
        <cusip>719405102</cusip>
        <identifiers>
          <isin value="US7194051022"/>
          <ticker value="PLAB"/>
        </identifiers>
        <balance>477590</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5315576.7</valUSD>
        <pctVal>0.2340845093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plantronics, Inc.</name>
        <lei>5493006O3W5M472F6668</lei>
        <title>Plantronics, Inc. COM</title>
        <cusip>727493108</cusip>
        <identifiers>
          <isin value="US7274931085"/>
          <ticker value="PLT"/>
        </identifiers>
        <balance>40048</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>587904.64</valUSD>
        <pctVal>0.0258898285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pricesmart Inc</name>
        <lei>549300JVYOSTGVSDZS46</lei>
        <title>Pricesmart Inc COM</title>
        <cusip>741511109</cusip>
        <identifiers>
          <isin value="US7415111092"/>
          <ticker value="PSMT"/>
        </identifiers>
        <balance>22366</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1349340.78</valUSD>
        <pctVal>0.0594215439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic Bancorp Inc Kentucky</name>
        <lei>N/A</lei>
        <title>Republic Bancorp Inc Kentucky CL A</title>
        <cusip>760281204</cusip>
        <identifiers>
          <isin value="US7602812049"/>
          <ticker value="RBCAA"/>
        </identifiers>
        <balance>31635</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1034780.85</valUSD>
        <pctVal>0.0455691228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rex American Resources Corp</name>
        <lei>N/A</lei>
        <title>Rex American Resources Corp COM</title>
        <cusip>761624105</cusip>
        <identifiers>
          <isin value="US7616241052"/>
          <ticker value="REX"/>
        </identifiers>
        <balance>16148</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1120186.76</valUSD>
        <pctVal>0.0493301824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rush Enterprises</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>Rush Enterprises CL A</title>
        <cusip>781846209</cusip>
        <identifiers>
          <isin value="US7818462092"/>
          <ticker value="RUSHA"/>
        </identifiers>
        <balance>284544</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11797194.24</valUSD>
        <pctVal>0.5195184984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;T Bancorp Inc</name>
        <lei>N/A</lei>
        <title>S&amp;T Bancorp Inc COM</title>
        <cusip>783859101</cusip>
        <identifiers>
          <isin value="US7838591011"/>
          <ticker value="STBA"/>
        </identifiers>
        <balance>223419</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5239175.55</valUSD>
        <pctVal>0.2307199966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SJW Group</name>
        <lei>N/A</lei>
        <title>SJW Group COM</title>
        <cusip>784305104</cusip>
        <identifiers>
          <isin value="US7843051043"/>
          <ticker value="SJW"/>
        </identifiers>
        <balance>8849</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>549611.39</valUSD>
        <pctVal>0.0242034909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unifirst Corp</name>
        <lei>5493003XBTNWBC8UK019</lei>
        <title>Unifirst Corp COM</title>
        <cusip>904708104</cusip>
        <identifiers>
          <isin value="US9047081040"/>
          <ticker value="UNF"/>
        </identifiers>
        <balance>61213</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10954066.35</valUSD>
        <pctVal>0.4823892856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gannett Co Inc</name>
        <lei>549300JQ2PU0RI3ZBA32</lei>
        <title>Gannett Co Inc COM</title>
        <cusip>36472T109</cusip>
        <identifiers>
          <isin value="US36472T1097"/>
          <ticker value="GCI"/>
        </identifiers>
        <balance>23733</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32751.54</valUSD>
        <pctVal>0.0014422947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thermon Group Holdings</name>
        <lei>529900ZNZBBLDE77MZ38</lei>
        <title>Thermon Group Holdings COM</title>
        <cusip>88362T103</cusip>
        <identifiers>
          <isin value="US88362T1034"/>
          <ticker value="THR"/>
        </identifiers>
        <balance>180023</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2622935.11</valUSD>
        <pctVal>0.1155074064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SFL Corporation Ltd</name>
        <lei>549300RLYYPSB0C7RH77</lei>
        <title>SFL Corporation Ltd COM USD0.01</title>
        <cusip>G7738W106</cusip>
        <identifiers>
          <isin value="BMG7738W1064"/>
          <ticker value="SFL"/>
        </identifiers>
        <balance>1241541</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11533915.89</valUSD>
        <pctVal>0.5079243879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teekay Tankers Ltd</name>
        <lei>549300DE8ZAIYS2T6Q22</lei>
        <title>Teekay Tankers Ltd COM USD0.01 (POST REV SPLIT) CLASS A</title>
        <cusip>Y8565N300</cusip>
        <identifiers>
          <isin value="MHY8565N3002"/>
          <ticker value="TNK"/>
        </identifiers>
        <balance>49117</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>629679.94</valUSD>
        <pctVal>0.0277295067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Onto Innovation Incorporation</name>
        <lei>549300V1USTYXJ7TNR79</lei>
        <title>Onto Innovation Incorporation COM</title>
        <cusip>683344105</cusip>
        <identifiers>
          <isin value="US6833441057"/>
          <ticker value="ONTO"/>
        </identifiers>
        <balance>9519</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324026.76</valUSD>
        <pctVal>0.0142693163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ovintiv Inc</name>
        <lei>N/A</lei>
        <title>Ovintiv Inc COM</title>
        <cusip>69047Q102</cusip>
        <identifiers>
          <isin value="US69047Q1022"/>
          <ticker value="OVV"/>
        </identifiers>
        <balance>439618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4198351.9</valUSD>
        <pctVal>0.1848847642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPIRIT AIRLINES</name>
        <lei>549300DCAFIXFNFR3304</lei>
        <title>SPIRIT AIRLINES COM</title>
        <cusip>848577102</cusip>
        <identifiers>
          <isin value="US8485771021"/>
          <ticker value="SAVE"/>
        </identifiers>
        <balance>97156</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1729376.8</valUSD>
        <pctVal>0.0761573659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arconic Corporation</name>
        <lei>549300B4YFWH3U74B152</lei>
        <title>Arconic Corporation COM</title>
        <cusip>03966V107</cusip>
        <identifiers>
          <isin value="US03966V1070"/>
          <ticker value="ARNC"/>
        </identifiers>
        <balance>257394</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3585498.42</valUSD>
        <pctVal>0.1578962520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIONAL MGMT CORP</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>REGIONAL MGMT CORP COM</title>
        <cusip>75902K106</cusip>
        <identifiers>
          <isin value="US75902K1060"/>
          <ticker value="RM"/>
        </identifiers>
        <balance>18915</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334984.65</valUSD>
        <pctVal>0.0147518739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Premier Financial Corp</name>
        <lei>N/A</lei>
        <title>Premier Financial Corp COM</title>
        <cusip>74052F108</cusip>
        <identifiers>
          <isin value="US74052F1084"/>
          <ticker value="PFC"/>
        </identifiers>
        <balance>35556</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>628274.52</valUSD>
        <pctVal>0.0276676156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arch Resources Inc</name>
        <lei>W47HVZ7Q6FXL86RELH91</lei>
        <title>Arch Resources Inc CL A</title>
        <cusip>03940R107</cusip>
        <identifiers>
          <isin value="US03940R1077"/>
          <ticker value="ARCH"/>
        </identifiers>
        <balance>82222</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2335927.02</valUSD>
        <pctVal>0.1028682984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UFP Industries Inc</name>
        <lei>5493007KB485C9OV5572</lei>
        <title>UFP Industries Inc COM</title>
        <cusip>90278Q108</cusip>
        <identifiers>
          <isin value="US90278Q1085"/>
          <ticker value="UFPI"/>
        </identifiers>
        <balance>88496</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4381436.96</valUSD>
        <pctVal>0.1929473656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luther Burbank Corporation</name>
        <lei>5493007YRUZ4ZDZM0J48</lei>
        <title>Luther Burbank Corporation COM</title>
        <cusip>550550107</cusip>
        <identifiers>
          <isin value="US5505501073"/>
          <ticker value="LBC"/>
        </identifiers>
        <balance>89593</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>895930</valUSD>
        <pctVal>0.0394544837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brightview Hldgs Inc</name>
        <lei>549300F8QN8YHVI7L866</lei>
        <title>Brightview Hldgs Inc COM</title>
        <cusip>10948C107</cusip>
        <identifiers>
          <isin value="US10948C1071"/>
          <ticker value="BV"/>
        </identifiers>
        <balance>177535</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1988392</valUSD>
        <pctVal>0.0875637380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avanos Medical Inc</name>
        <lei>549300YCXWOM7NEWMQ58</lei>
        <title>Avanos Medical Inc COM</title>
        <cusip>05350V106</cusip>
        <identifiers>
          <isin value="US05350V1061"/>
          <ticker value="AVNS"/>
        </identifiers>
        <balance>308668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9071752.52</valUSD>
        <pctVal>0.3994969610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essential Properties Realty Trust Inc.</name>
        <lei>N/A</lei>
        <title>Essential Properties Realty Trust Inc. COM</title>
        <cusip>29670E107</cusip>
        <identifiers>
          <isin value="US29670E1073"/>
          <ticker value="EPRT"/>
        </identifiers>
        <balance>148783</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2207939.72</valUSD>
        <pctVal>0.0972320625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amalgamated Bank</name>
        <lei>254900FMBXF85WQYV433</lei>
        <title>Amalgamated Bank CLASS A</title>
        <cusip>022663108</cusip>
        <identifiers>
          <isin value="US0226631085"/>
          <ticker value="AMAL"/>
        </identifiers>
        <balance>53758</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>679501.12</valUSD>
        <pctVal>0.0299235051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exantas Capital Corp</name>
        <lei>549300RUJWPCMY4JFR46</lei>
        <title>Exantas Capital Corp COM NEW</title>
        <cusip>30068N105</cusip>
        <identifiers>
          <isin value="US30068N1054"/>
          <ticker value="XAN"/>
        </identifiers>
        <balance>520780</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1380067</valUSD>
        <pctVal>0.0607746487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mesa Air Group Incorporated</name>
        <lei>549300EY743RMV1F7P98</lei>
        <title>Mesa Air Group Incorporated COM NEW</title>
        <cusip>590479135</cusip>
        <identifiers>
          <isin value="US5904791358"/>
          <ticker value="MESA"/>
        </identifiers>
        <balance>35195</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121070.8</valUSD>
        <pctVal>0.0053316508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arlo Technologies Inc</name>
        <lei>549300T4EUX2OQ75HV52</lei>
        <title>Arlo Technologies Inc COM</title>
        <cusip>04206A101</cusip>
        <identifiers>
          <isin value="US04206A1016"/>
          <ticker value="ARLO"/>
        </identifiers>
        <balance>344573</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>888998.34</valUSD>
        <pctVal>0.0391492310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>Pennymac Financial Services Inc COM</title>
        <cusip>70932M107</cusip>
        <identifiers>
          <isin value="US70932M1071"/>
          <ticker value="PFSI"/>
        </identifiers>
        <balance>134061</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5602409.19</valUSD>
        <pctVal>0.2467158843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axos Financial Inc</name>
        <lei>529900D8M56422GK9O25</lei>
        <title>Axos Financial Inc COM</title>
        <cusip>05465C100</cusip>
        <identifiers>
          <isin value="US05465C1009"/>
          <ticker value="AX"/>
        </identifiers>
        <balance>191185</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4221364.8</valUSD>
        <pctVal>0.1858981939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nextgen Healthcare Inc</name>
        <lei>N/A</lei>
        <title>Nextgen Healthcare Inc COM</title>
        <cusip>65343C102</cusip>
        <identifiers>
          <isin value="US65343C1027"/>
          <ticker value="NXGN"/>
        </identifiers>
        <balance>110713</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1215628.74</valUSD>
        <pctVal>0.0535332050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orthofix Medical Inc</name>
        <lei>N/A</lei>
        <title>Orthofix Medical Inc COM</title>
        <cusip>68752M108</cusip>
        <identifiers>
          <isin value="US68752M1080"/>
          <ticker value="OFIX"/>
        </identifiers>
        <balance>52442</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1678144</valUSD>
        <pctVal>0.0739012034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcosa Inc</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>Arcosa Inc COM</title>
        <cusip>039653100</cusip>
        <identifiers>
          <isin value="US0396531008"/>
          <ticker value="ACA"/>
        </identifiers>
        <balance>130266</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5497225.2</valUSD>
        <pctVal>0.2420838483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>READY CAP CORP</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>READY CAP CORP COM</title>
        <cusip>75574U101</cusip>
        <identifiers>
          <isin value="US75574U1016"/>
          <ticker value="RC"/>
        </identifiers>
        <balance>433695</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3768809.55</valUSD>
        <pctVal>0.1659688090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tribune Publishing Company New</name>
        <lei>549300OYS3J30M2N5272</lei>
        <title>Tribune Publishing Company New COM</title>
        <cusip>89609W107</cusip>
        <identifiers>
          <isin value="US89609W1071"/>
          <ticker value="TPCO"/>
        </identifiers>
        <balance>61687</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616253.13</valUSD>
        <pctVal>0.0271382241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Investors Real Estate Trust</name>
        <lei>5493002LG2SH9EEHT720</lei>
        <title>Investors Real Estate Trust SH BEN INT</title>
        <cusip>461730509</cusip>
        <identifiers>
          <isin value="US4617305093"/>
          <ticker value="IRET"/>
        </identifiers>
        <balance>19670</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1386538.3</valUSD>
        <pctVal>0.0610596283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL ENERGY SVCS REUNITED CORP</name>
        <lei>N/A</lei>
        <title>NATIONAL ENERGY SVCS REUNITED CORP COM NPV</title>
        <cusip>G6375R107</cusip>
        <identifiers>
          <isin value="VGG6375R1073"/>
          <ticker value="NESR"/>
        </identifiers>
        <balance>148042</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1018528.96</valUSD>
        <pctVal>0.0448534308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Office Properties Income Trust</name>
        <lei>529900A38AW14ELBTL34</lei>
        <title>Office Properties Income Trust COM SHS BEN INT</title>
        <cusip>67623C109</cusip>
        <identifiers>
          <isin value="US67623C1099"/>
          <ticker value="OPI"/>
        </identifiers>
        <balance>62820</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1631435.4</valUSD>
        <pctVal>0.0718442752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RPT Realty</name>
        <lei>N/A</lei>
        <title>RPT Realty SH BEN INT</title>
        <cusip>74971D101</cusip>
        <identifiers>
          <isin value="US74971D1019"/>
          <ticker value="RPT"/>
        </identifiers>
        <balance>793883</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5525425.68</valUSD>
        <pctVal>0.2433257259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spirit Realty Cap Inc New</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>Spirit Realty Cap Inc New COM NEW</title>
        <cusip>84860W300</cusip>
        <identifiers>
          <isin value="US84860W3007"/>
          <ticker value="SRC"/>
        </identifiers>
        <balance>202911</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7073477.46</valUSD>
        <pctVal>0.3114979980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MR COOPER GROUP INC</name>
        <lei>549300KD8C6DPXYC2M26</lei>
        <title>MR COOPER GROUP INC COM</title>
        <cusip>62482R107</cusip>
        <identifiers>
          <isin value="US62482R1077"/>
          <ticker value="COOP"/>
        </identifiers>
        <balance>155614</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1935838.16</valUSD>
        <pctVal>0.0852494003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spartannash Company</name>
        <lei>549300TV3QCCSQLF5X16</lei>
        <title>Spartannash Company COM</title>
        <cusip>847215100</cusip>
        <identifiers>
          <isin value="US8472151005"/>
          <ticker value="SPTN"/>
        </identifiers>
        <balance>79907</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1698023.75</valUSD>
        <pctVal>0.0747766571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montage Resources Corporation</name>
        <lei>54930070862I62NN3X72</lei>
        <title>Montage Resources Corporation COM</title>
        <cusip>61179L100</cusip>
        <identifiers>
          <isin value="US61179L1008"/>
          <ticker value="MR"/>
        </identifiers>
        <balance>60599</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239366.05</valUSD>
        <pctVal>0.0105410734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Designer Brands Inc</name>
        <lei>549300X8J6FI8PPRK859</lei>
        <title>Designer Brands Inc CL A</title>
        <cusip>250565108</cusip>
        <identifiers>
          <isin value="US2505651081"/>
          <ticker value="DBI"/>
        </identifiers>
        <balance>400939</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2714357.03</valUSD>
        <pctVal>0.1195333958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Diamond S Shipping Inc</name>
        <lei>N/A</lei>
        <title>Diamond S Shipping Inc COM USD0.001</title>
        <cusip>Y20676105</cusip>
        <identifiers>
          <isin value="MHY206761055"/>
          <ticker value="DSSI"/>
        </identifiers>
        <balance>68442</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546851.58</valUSD>
        <pctVal>0.0240819559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cousins Properties Incorporated</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>Cousins Properties Incorporated COM NEW</title>
        <cusip>222795502</cusip>
        <identifiers>
          <isin value="US2227955026"/>
          <ticker value="CUZ"/>
        </identifiers>
        <balance>274699</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8194271.17</valUSD>
        <pctVal>0.3608549090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlantic Union Bankshares Corp</name>
        <lei>N/A</lei>
        <title>Atlantic Union Bankshares Corp COM</title>
        <cusip>04911A107</cusip>
        <identifiers>
          <isin value="US04911A1079"/>
          <ticker value="AUB"/>
        </identifiers>
        <balance>158573</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3672550.68</valUSD>
        <pctVal>0.1617298127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCF Financial Corporation</name>
        <lei>549300UK6KFVK4A0D603</lei>
        <title>TCF Financial Corporation COM</title>
        <cusip>872307103</cusip>
        <identifiers>
          <isin value="US8723071036"/>
          <ticker value="TCF"/>
        </identifiers>
        <balance>392174</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11537759.08</valUSD>
        <pctVal>0.5080936323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 07/16/20</title>
        <cusip>912796SZ3</cusip>
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          <isin value="US912796SZ37"/>
          <ticker value="B"/>
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        <balance>10129000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10128461.85</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
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        <balance>98582289.81</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98582289.81</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPIRIT MTA REIT</name>
        <lei>5493001XMVHW4G48PP41</lei>
        <title>SPIRIT MTA REIT USD DFD SPIRIT MTA REIT</title>
        <cusip>848ESC018</cusip>
        <identifiers>
          <isin value="US848ESC0184"/>
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        <balance>17083</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13112.91</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESC CALAMOS ASSET MGT INC</name>
        <lei>N/A</lei>
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        <cusip>128ESC019</cusip>
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          <isin value="N/A"/>
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        <balance>8063</balance>
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        <curCd>USD</curCd>
        <valUSD>0</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bankfinancial Corp</name>
        <lei>N/A</lei>
        <title>Bankfinancial Corp COM</title>
        <cusip>06643P104</cusip>
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          <isin value="US06643P1049"/>
          <ticker value="BFIN"/>
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        <balance>111364</balance>
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        <curCd>USD</curCd>
        <valUSD>935457.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Consolidated Communications Holdings Inc</name>
        <lei>529900F6S64KOO8CXH48</lei>
        <title>Consolidated Communications Holdings Inc COM</title>
        <cusip>209034107</cusip>
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          <isin value="US2090341072"/>
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        <balance>121949</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>825594.73</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Hanover Insurance Group, Inc.</name>
        <lei>JJYR6MFKFF6CF8DBZ078</lei>
        <title>The Hanover Insurance Group, Inc. COM</title>
        <cusip>410867105</cusip>
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          <isin value="US4108671052"/>
          <ticker value="THG"/>
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        <balance>17026</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amer Vanguard Cp</name>
        <lei>529900GWI78WZA5M9783</lei>
        <title>Amer Vanguard Cp COM</title>
        <cusip>030371108</cusip>
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          <isin value="US0303711081"/>
          <ticker value="AVD"/>
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        <balance>179101</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anika Therapeutics</name>
        <lei>529900R9LS3Z0O6QH455</lei>
        <title>Anika Therapeutics COM</title>
        <cusip>035255108</cusip>
        <identifiers>
          <isin value="US0352551081"/>
          <ticker value="ANIK"/>
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        <balance>24143</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>910915.39</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Apogee Enterprises</name>
        <lei>549300579S7QW8V4IJ60</lei>
        <title>Apogee Enterprises COM</title>
        <cusip>037598109</cusip>
        <identifiers>
          <isin value="US0375981091"/>
          <ticker value="APOG"/>
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        <balance>44928</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1035141.12</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ocwen Financial Corporation</name>
        <lei>549300DDD1YQ8EIAT278</lei>
        <title>Ocwen Financial Corporation COM NEW</title>
        <cusip>675746309</cusip>
        <identifiers>
          <isin value="US6757463095"/>
          <ticker value="OCN"/>
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        <balance>123723</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82152.07</valUSD>
        <pctVal>0.0036177687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rocky Brands Inc</name>
        <lei>5299004HQ6GCTW838N96</lei>
        <title>Rocky Brands Inc COM</title>
        <cusip>774515100</cusip>
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          <isin value="US7745151008"/>
          <ticker value="RCKY"/>
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        <balance>12372</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254368.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saia Inc</name>
        <lei>549300WNPG4N9GBOYB29</lei>
        <title>Saia Inc COM</title>
        <cusip>78709Y105</cusip>
        <identifiers>
          <isin value="US78709Y1055"/>
          <ticker value="SAIA"/>
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        <balance>108317</balance>
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        <curCd>USD</curCd>
        <valUSD>12042684.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Chart Industries Inc</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries Inc COM PAR $0.01</title>
        <cusip>16115Q308</cusip>
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          <ticker value="GTLS"/>
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        <balance>172404</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICF International</name>
        <lei>5493003KYFDDC5B3WY64</lei>
        <title>ICF International COM</title>
        <cusip>44925C103</cusip>
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          <isin value="US44925C1036"/>
          <ticker value="ICFI"/>
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        <balance>74701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4842865.83</valUSD>
        <pctVal>0.2132675221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Altra Industrial Motion Corporation</name>
        <lei>NQ0NIXPGW4YKG4MWM571</lei>
        <title>Altra Industrial Motion Corporation COM</title>
        <cusip>02208R106</cusip>
        <identifiers>
          <isin value="US02208R1068"/>
          <ticker value="AIMC"/>
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        <balance>65592</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2089761.12</valUSD>
        <pctVal>0.0920277769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Essa Bancorp Inc</name>
        <lei>N/A</lei>
        <title>Essa Bancorp Inc COM</title>
        <cusip>29667D104</cusip>
        <identifiers>
          <isin value="US29667D1046"/>
          <ticker value="ESSA"/>
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        <balance>18771</balance>
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        <curCd>USD</curCd>
        <valUSD>261292.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Fonar Corporation</name>
        <lei>N/A</lei>
        <title>Fonar Corporation COM NEW</title>
        <cusip>344437405</cusip>
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          <isin value="US3444374058"/>
          <ticker value="FONR"/>
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        <balance>10908</balance>
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        <curCd>USD</curCd>
        <valUSD>233103.96</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CAI International Inc</name>
        <lei>549300XR4I3ZRKKVBZ43</lei>
        <title>CAI International Inc COM</title>
        <cusip>12477X106</cusip>
        <identifiers>
          <isin value="US12477X1063"/>
          <ticker value="CAI"/>
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        <balance>17506</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291649.96</valUSD>
        <pctVal>0.0128435242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OPKO Health, Inc.</name>
        <lei>529900A4S2D4OGOJLL02</lei>
        <title>OPKO Health, Inc. COM</title>
        <cusip>68375N103</cusip>
        <identifiers>
          <isin value="US68375N1037"/>
          <ticker value="OPK"/>
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        <balance>1232291</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4202112.31</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Argo Gp Intl Hldgs</name>
        <lei>549300M4T8Y5TTWI6O03</lei>
        <title>Argo Gp Intl Hldgs COM USD1.00</title>
        <cusip>G0464B107</cusip>
        <identifiers>
          <isin value="BMG0464B1072"/>
          <ticker value="ARGO"/>
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        <balance>88737</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3090709.71</valUSD>
        <pctVal>0.1361070128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Textainer Group Hl</name>
        <lei>529900OHEYRATAFMIT89</lei>
        <title>Textainer Group Hl COM STK USD0.01</title>
        <cusip>G8766E109</cusip>
        <identifiers>
          <isin value="BMG8766E1093"/>
          <ticker value="TGH"/>
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        <balance>54870</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448836.6</valUSD>
        <pctVal>0.0197656249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CVR Energy Inc</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy Inc COM</title>
        <cusip>12662P108</cusip>
        <identifiers>
          <isin value="US12662P1084"/>
          <ticker value="CVI"/>
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        <balance>34786</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>699546.46</valUSD>
        <pctVal>0.0308062510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Public Ed</name>
        <lei>N/A</lei>
        <title>American Public Ed COM</title>
        <cusip>02913V103</cusip>
        <identifiers>
          <isin value="US02913V1035"/>
          <ticker value="APEI"/>
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        <balance>26053</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>771168.8</valUSD>
        <pctVal>0.0339603171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Triple S Managment Corp.</name>
        <lei>N/A</lei>
        <title>Triple S Managment Corp. CL B</title>
        <cusip>896749108</cusip>
        <identifiers>
          <isin value="PR8967491088"/>
          <ticker value="GTS"/>
        </identifiers>
        <balance>367135</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6982907.7</valUSD>
        <pctVal>0.3075095356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trueblue Inc</name>
        <lei>N/A</lei>
        <title>Trueblue Inc COM</title>
        <cusip>89785X101</cusip>
        <identifiers>
          <isin value="US89785X1019"/>
          <ticker value="TBI"/>
        </identifiers>
        <balance>16461</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251359.47</valUSD>
        <pctVal>0.0110692332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bancfirst Corp</name>
        <lei>549300EJEHGBP4IO2J30</lei>
        <title>Bancfirst Corp COM</title>
        <cusip>05945F103</cusip>
        <identifiers>
          <isin value="US05945F1030"/>
          <ticker value="BANF"/>
        </identifiers>
        <balance>117072</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4749611.04</valUSD>
        <pctVal>0.2091608178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Bancorp Inc</name>
        <lei>N/A</lei>
        <title>Home Bancorp Inc COM</title>
        <cusip>43689E107</cusip>
        <identifiers>
          <isin value="US43689E1073"/>
          <ticker value="HBCP"/>
        </identifiers>
        <balance>15242</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>407723.5</valUSD>
        <pctVal>0.0179551083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kennedy-Wilson Holdings Inc</name>
        <lei>549300MOI1T78144X610</lei>
        <title>Kennedy-Wilson Holdings Inc COM</title>
        <cusip>489398107</cusip>
        <identifiers>
          <isin value="US4893981070"/>
          <ticker value="KW"/>
        </identifiers>
        <balance>186183</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2833705.26</valUSD>
        <pctVal>0.1247891890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kraton Corporation</name>
        <lei>N/A</lei>
        <title>Kraton Corporation COM</title>
        <cusip>50077C106</cusip>
        <identifiers>
          <isin value="US50077C1062"/>
          <ticker value="KRA"/>
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        <balance>117753</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2034771.84</valUSD>
        <pctVal>0.0896061885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Office Realty Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Piedmont Office Realty Trust, Inc. COM CL A</title>
        <cusip>720190206</cusip>
        <identifiers>
          <isin value="US7201902068"/>
          <ticker value="PDM"/>
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        <balance>504321</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8376771.81</valUSD>
        <pctVal>0.3688917740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terreno Realty Cor</name>
        <lei>N/A</lei>
        <title>Terreno Realty Cor COM</title>
        <cusip>88146M101</cusip>
        <identifiers>
          <isin value="US88146M1018"/>
          <ticker value="TRNO"/>
        </identifiers>
        <balance>166875</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8784300</valUSD>
        <pctVal>0.3868382814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Interstate B</name>
        <lei>N/A</lei>
        <title>First Interstate B COM CL A</title>
        <cusip>32055Y201</cusip>
        <identifiers>
          <isin value="US32055Y2019"/>
          <ticker value="FIBK"/>
        </identifiers>
        <balance>52841</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1635957.36</valUSD>
        <pctVal>0.0720434108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chatham Lodging Tr</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Tr COM</title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
          <ticker value="CLDT"/>
        </identifiers>
        <balance>209659</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1283113.08</valUSD>
        <pctVal>0.0565050441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY COMPANY COM</title>
        <cusip>78454L100</cusip>
        <identifiers>
          <isin value="US78454L1008"/>
          <ticker value="SM"/>
        </identifiers>
        <balance>44721</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167703.75</valUSD>
        <pctVal>0.0073852476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cooper-Standard Holdings Inc.</name>
        <lei>549300VVOH2RQP5YMB08</lei>
        <title>Cooper-Standard Holdings Inc. COM</title>
        <cusip>21676P103</cusip>
        <identifiers>
          <isin value="US21676P1030"/>
          <ticker value="CPS"/>
        </identifiers>
        <balance>41543</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550444.75</valUSD>
        <pctVal>0.0242401900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Visteon Corporation</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>Visteon Corporation COM NEW</title>
        <cusip>92839U206</cusip>
        <identifiers>
          <isin value="US92839U2069"/>
          <ticker value="VC"/>
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        <balance>4303</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294755.5</valUSD>
        <pctVal>0.0129802843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Electronics, Inc.</name>
        <lei>549300W18RHYZOZKOP53</lei>
        <title>Benchmark Electronics, Inc. COM</title>
        <cusip>08160H101</cusip>
        <identifiers>
          <isin value="US08160H1014"/>
          <ticker value="BHE"/>
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        <balance>477934</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10323374.4</valUSD>
        <pctVal>0.4546152125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Costamare Inc</name>
        <lei>5299003L6NPTZ25LN818</lei>
        <title>Costamare Inc COM USD0.0001</title>
        <cusip>Y1771G102</cusip>
        <identifiers>
          <isin value="MHY1771G1026"/>
          <ticker value="CMRE"/>
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        <balance>119932</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>666821.92</valUSD>
        <pctVal>0.0293651453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gain Capital Holdings Inc</name>
        <lei>5493003NZPPKMB17WX19</lei>
        <title>Gain Capital Holdings Inc COM</title>
        <cusip>36268W100</cusip>
        <identifiers>
          <isin value="US36268W1009"/>
          <ticker value="GCAP"/>
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        <balance>323746</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1948950.92</valUSD>
        <pctVal>0.0858268530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capitol Fed Fin In</name>
        <lei>N/A</lei>
        <title>Capitol Fed Fin In COM</title>
        <cusip>14057J101</cusip>
        <identifiers>
          <isin value="US14057J1016"/>
          <ticker value="CFFN"/>
        </identifiers>
        <balance>55387</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>609810.87</valUSD>
        <pctVal>0.0268545233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Assets Tr</name>
        <lei>N/A</lei>
        <title>American Assets Tr COM</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
          <ticker value="AAT"/>
        </identifiers>
        <balance>196525</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5471256</valUSD>
        <pctVal>0.2409402307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Pac Finl</name>
        <lei>549300W3YEAOZ4KGG849</lei>
        <title>Central Pac Finl COM NEW</title>
        <cusip>154760409</cusip>
        <identifiers>
          <isin value="US1547604090"/>
          <ticker value="CPF"/>
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        <balance>85030</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1363030.9</valUSD>
        <pctVal>0.0600244221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Hotel Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Summit Hotel Properties, Inc. COM</title>
        <cusip>866082100</cusip>
        <identifiers>
          <isin value="US8660821005"/>
          <ticker value="INN"/>
        </identifiers>
        <balance>313547</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1859333.71</valUSD>
        <pctVal>0.0818803384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BERKSHIRE HILLS BANCORP, INC.</name>
        <lei>549300AS2OC6UMMBNO37</lei>
        <title>BERKSHIRE HILLS BANCORP, INC. COM</title>
        <cusip>084680107</cusip>
        <identifiers>
          <isin value="US0846801076"/>
          <ticker value="BHLB"/>
        </identifiers>
        <balance>109618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1207990.36</valUSD>
        <pctVal>0.0531968301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Materion Corp</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>Materion Corp COM</title>
        <cusip>576690101</cusip>
        <identifiers>
          <isin value="US5766901012"/>
          <ticker value="MTRN"/>
        </identifiers>
        <balance>73865</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4541958.85</valUSD>
        <pctVal>0.2000163423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Hills Corporation</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corporation COM</title>
        <cusip>092113109</cusip>
        <identifiers>
          <isin value="US0921131092"/>
          <ticker value="BKH"/>
        </identifiers>
        <balance>162491</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9206740.06</valUSD>
        <pctVal>0.4054414697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boston Private Holdings, Inc.</name>
        <lei>9LC5YYBM83TLRL460X73</lei>
        <title>Boston Private Holdings, Inc. COM</title>
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      <invstOrSec>
        <name>Brookline Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Brookline Bancorp, Inc. COM</title>
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          <isin value="US11373M1071"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CNB Financial Corp.</name>
        <lei>254900RUYUOKD91VNX69</lei>
        <title>CNB Financial Corp. COM</title>
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          <isin value="US1261281075"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAL Maine Foods In</name>
        <lei>549300NHE5WMIEIEMF53</lei>
        <title>CAL Maine Foods In COM NEW</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Capstead Mortgage Corporation</name>
        <lei>549300W6CQE2GR8QBV24</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carpenter Technology Corporation</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
        <title>Carpenter Technology Corporation COM</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cathay General Bancorp</name>
        <lei>549300K1SLJ8C97H5L68</lei>
        <title>Cathay General Bancorp COM</title>
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          <isin value="US1491501045"/>
          <ticker value="CATY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SmartFinancial Inc</name>
        <lei>N/A</lei>
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          <ticker value="SMBK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPIRE INC</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SPIRE INC COM</title>
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          <isin value="US84857L1017"/>
          <ticker value="SR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Children's Place Inc</name>
        <lei>549300BGVK2OO5O7TC19</lei>
        <title>Children's Place Inc COM</title>
        <cusip>168905107</cusip>
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          <isin value="US1689051076"/>
          <ticker value="PLCE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicos Fas Inc</name>
        <lei>5299003ESGN5T1MFXY13</lei>
        <title>Chicos Fas Inc COM</title>
        <cusip>168615102</cusip>
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          <isin value="US1686151028"/>
          <ticker value="CHS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Circor Intl</name>
        <lei>5493007701O01N3FQM69</lei>
        <title>Circor Intl COM</title>
        <cusip>17273K109</cusip>
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          <ticker value="CIR"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City Holding Co</name>
        <lei>N/A</lei>
        <title>City Holding Co COM</title>
        <cusip>177835105</cusip>
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          <isin value="US1778351056"/>
          <ticker value="CHCO"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Cohu Inc</name>
        <lei>529900FJPORJ3JJ2XS33</lei>
        <title>Cohu Inc COM</title>
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          <ticker value="COHU"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Columbia Banking System Incorporation</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Columbus McKinnon Corporation</name>
        <lei>549300W3HQB0HO1F3G69</lei>
        <title>Columbus McKinnon Corporation COM</title>
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          <ticker value="CMCO"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commercial Metals Company</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Company COM</title>
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          <isin value="US2017231034"/>
          <ticker value="CMC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Community Bank Sys</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>Community Bank Sys COM</title>
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          <isin value="US2036071064"/>
          <ticker value="CBU"/>
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      <invstOrSec>
        <name>Comm Tr Bancorp</name>
        <lei>N/A</lei>
        <title>Comm Tr Bancorp COM</title>
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          <ticker value="CTBI"/>
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      <invstOrSec>
        <name>Computer Programs</name>
        <lei>5493005Q6CJC78TGL805</lei>
        <title>Computer Programs COM</title>
        <cusip>205306103</cusip>
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          <isin value="US2053061030"/>
          <ticker value="CPSI"/>
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      <invstOrSec>
        <name>Comtech Telecommunications Corp.</name>
        <lei>529900FTEZ8MGM0Y8F73</lei>
        <title>Comtech Telecommunications Corp. COM NEW</title>
        <cusip>205826209</cusip>
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          <ticker value="CMTL"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cooper Tire &amp; Rubber Company</name>
        <lei>DE46ECQ8KH195MRIQN56</lei>
        <title>Cooper Tire &amp; Rubber Company COM</title>
        <cusip>216831107</cusip>
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          <ticker value="CTB"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Consd Water Co</name>
        <lei>5299001BMEW8X9VIJA73</lei>
        <title>Consd Water Co COM USD0.60</title>
        <cusip>G23773107</cusip>
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          <isin value="KYG237731073"/>
          <ticker value="CWCO"/>
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        <balance>25575</balance>
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        <curCd>USD</curCd>
        <valUSD>369047.25</valUSD>
        <pctVal>0.0162519044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BMC Stock Holdings Incorporation</name>
        <lei>549300GHSZDJ1FJEJG18</lei>
        <title>BMC Stock Holdings Incorporation COM</title>
        <cusip>05591B109</cusip>
        <identifiers>
          <isin value="US05591B1098"/>
          <ticker value="BMCH"/>
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        <balance>283971</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7139030.94</valUSD>
        <pctVal>0.3143848070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frontline Ltd</name>
        <lei>5493004BCIKYU1YL3H63</lei>
        <title>Frontline Ltd COM USD1</title>
        <cusip>G3682E192</cusip>
        <identifiers>
          <isin value="BMG3682E1921"/>
          <ticker value="FRO"/>
        </identifiers>
        <balance>754341</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5265300.18</valUSD>
        <pctVal>0.2318704590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corporate Office Properties Trust</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>Corporate Office Properties Trust SH BEN INT</title>
        <cusip>22002T108</cusip>
        <identifiers>
          <isin value="US22002T1088"/>
          <ticker value="OFC"/>
        </identifiers>
        <balance>103192</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2614885.28</valUSD>
        <pctVal>0.1151529123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Darling Ingredients, Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients, Inc COM</title>
        <cusip>237266101</cusip>
        <identifiers>
          <isin value="US2372661015"/>
          <ticker value="DAR"/>
        </identifiers>
        <balance>793992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19548083.04</valUSD>
        <pctVal>0.8608479729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Diamond Offshore Drilling, Inc.</name>
        <lei>F14FQJ2EEHW5VPYUHL14</lei>
        <title>Diamond Offshore Drilling, Inc. COM</title>
        <cusip>25271C102</cusip>
        <identifiers>
          <isin value="US25271C1027"/>
          <ticker value="DOFSQ"/>
        </identifiers>
        <balance>377157</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96439.04</valUSD>
        <pctVal>0.0042469306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digi Intl Inc</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi Intl Inc COM</title>
        <cusip>253798102</cusip>
        <identifiers>
          <isin value="US2537981027"/>
          <ticker value="DGII"/>
        </identifiers>
        <balance>149882</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1746125.3</valUSD>
        <pctVal>0.0768949273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dick's Sporting Goods, Inc.</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods, Inc. COM</title>
        <cusip>253393102</cusip>
        <identifiers>
          <isin value="US2533931026"/>
          <ticker value="DKS"/>
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        <balance>33130</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1366943.8</valUSD>
        <pctVal>0.0601967363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dillards, Inc.</name>
        <lei>529900FGYKMWL6019P91</lei>
        <title>Dillards, Inc. CL A</title>
        <cusip>254067101</cusip>
        <identifiers>
          <isin value="US2540671011"/>
          <ticker value="DDS"/>
        </identifiers>
        <balance>9805</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252870.95</valUSD>
        <pctVal>0.0111357950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Diodes Incorporated</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>Diodes Incorporated COM</title>
        <cusip>254543101</cusip>
        <identifiers>
          <isin value="US2545431015"/>
          <ticker value="DIOD"/>
        </identifiers>
        <balance>174449</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8844564.3</valUSD>
        <pctVal>0.3894921683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dime Commty Bancsh</name>
        <lei>N/A</lei>
        <title>Dime Commty Bancsh COM</title>
        <cusip>253922108</cusip>
        <identifiers>
          <isin value="US2539221083"/>
          <ticker value="DCOM"/>
        </identifiers>
        <balance>424641</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5830320.93</valUSD>
        <pctVal>0.2567525390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Donegal Group</name>
        <lei>N/A</lei>
        <title>Donegal Group CL A</title>
        <cusip>257701201</cusip>
        <identifiers>
          <isin value="US2577012014"/>
          <ticker value="DGICA"/>
        </identifiers>
        <balance>39683</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>564292.26</valUSD>
        <pctVal>0.0248499992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dril Quip Inc</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>Dril Quip Inc COM</title>
        <cusip>262037104</cusip>
        <identifiers>
          <isin value="US2620371045"/>
          <ticker value="DRQ"/>
        </identifiers>
        <balance>198924</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5925945.96</valUSD>
        <pctVal>0.2609636227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dycom Industries, Inc.</name>
        <lei>549300F56EKTHQI3WT60</lei>
        <title>Dycom Industries, Inc. COM</title>
        <cusip>267475101</cusip>
        <identifiers>
          <isin value="US2674751019"/>
          <ticker value="DY"/>
        </identifiers>
        <balance>12233</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500207.37</valUSD>
        <pctVal>0.0220278633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eagle Bancorp Inc</name>
        <lei>549300B47NZODRMG3D47</lei>
        <title>Eagle Bancorp Inc COM</title>
        <cusip>268948106</cusip>
        <identifiers>
          <isin value="US2689481065"/>
          <ticker value="EGBN"/>
        </identifiers>
        <balance>91932</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3010773</valUSD>
        <pctVal>0.1325868029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ebix Inc</name>
        <lei>549300DHXVZR5SW5QR44</lei>
        <title>Ebix Inc COM NEW</title>
        <cusip>278715206</cusip>
        <identifiers>
          <isin value="US2787152063"/>
          <ticker value="EBIX"/>
        </identifiers>
        <balance>108659</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2429615.24</valUSD>
        <pctVal>0.1069940899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>Encore Capital Group Inc. COM</title>
        <cusip>292554102</cusip>
        <identifiers>
          <isin value="US2925541029"/>
          <ticker value="ECPG"/>
        </identifiers>
        <balance>152754</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5221131.72</valUSD>
        <pctVal>0.2299253921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Financial Services Corp</name>
        <lei>5493001XTU5DLD632129</lei>
        <title>Enterprise Financial Services Corp COM</title>
        <cusip>293712105</cusip>
        <identifiers>
          <isin value="US2937121059"/>
          <ticker value="EFSC"/>
        </identifiers>
        <balance>101836</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3169136.32</valUSD>
        <pctVal>0.1395607217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ennis Inc</name>
        <lei>N/A</lei>
        <title>Ennis Inc COM</title>
        <cusip>293389102</cusip>
        <identifiers>
          <isin value="US2933891028"/>
          <ticker value="EBF"/>
        </identifiers>
        <balance>326652</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5925467.28</valUSD>
        <pctVal>0.2609425428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entercom Communica</name>
        <lei>N/A</lei>
        <title>Entercom Communica CL A</title>
        <cusip>293639100</cusip>
        <identifiers>
          <isin value="US2936391000"/>
          <ticker value="ETM"/>
        </identifiers>
        <balance>319722</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441216.36</valUSD>
        <pctVal>0.0194300489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ethan Allen Inters</name>
        <lei>N/A</lei>
        <title>Ethan Allen Inters COM</title>
        <cusip>297602104</cusip>
        <identifiers>
          <isin value="US2976021046"/>
          <ticker value="ETH"/>
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        <balance>195817</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2316515.11</valUSD>
        <pctVal>0.1020134472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FBL Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>FBL Financial Group, Inc. CL A</title>
        <cusip>30239F106</cusip>
        <identifiers>
          <isin value="US30239F1066"/>
          <ticker value="FFG"/>
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        <balance>26447</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>949182.83</valUSD>
        <pctVal>0.0417996032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Bancshares Inc</name>
        <lei>5493006DL5RXJODMAF36</lei>
        <title>First Bancshares Inc COM</title>
        <cusip>318916103</cusip>
        <identifiers>
          <isin value="US3189161033"/>
          <ticker value="FBMS"/>
        </identifiers>
        <balance>36207</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>814657.5</valUSD>
        <pctVal>0.0358754491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>1ST Cmnwlth Fin Pa</name>
        <lei>N/A</lei>
        <title>1ST Cmnwlth Fin Pa COM</title>
        <cusip>319829107</cusip>
        <identifiers>
          <isin value="US3198291078"/>
          <ticker value="FCF"/>
        </identifiers>
        <balance>315139</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2609350.92</valUSD>
        <pctVal>0.1149091932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Financial Bancorp.</name>
        <lei>549300D3F5B3EZMY7P77</lei>
        <title>First Financial Bancorp. COM</title>
        <cusip>320209109</cusip>
        <identifiers>
          <isin value="US3202091092"/>
          <ticker value="FFBC"/>
        </identifiers>
        <balance>291701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4051726.89</valUSD>
        <pctVal>0.1784277708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Midwest Bancorp, Inc.</name>
        <lei>7XRS7ORI584PF41IVU88</lei>
        <title>First Midwest Bancorp, Inc. COM</title>
        <cusip>320867104</cusip>
        <identifiers>
          <isin value="US3208671046"/>
          <ticker value="FMBI"/>
        </identifiers>
        <balance>466354</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6225825.9</valUSD>
        <pctVal>0.2741695743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First of Long Island Corporation</name>
        <lei>N/A</lei>
        <title>First of Long Island Corporation COM</title>
        <cusip>320734106</cusip>
        <identifiers>
          <isin value="US3207341062"/>
          <ticker value="FLIC"/>
        </identifiers>
        <balance>40348</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659286.32</valUSD>
        <pctVal>0.0290332966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>1ST Finl Corp Ind</name>
        <lei>N/A</lei>
        <title>1ST Finl Corp Ind COM</title>
        <cusip>320218100</cusip>
        <identifiers>
          <isin value="US3202181000"/>
          <ticker value="THFF"/>
        </identifiers>
        <balance>117905</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4343620.2</valUSD>
        <pctVal>0.1912820115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Mid Bancshares Inc</name>
        <lei>N/A</lei>
        <title>First Mid Bancshares Inc COM</title>
        <cusip>320866106</cusip>
        <identifiers>
          <isin value="US3208661062"/>
          <ticker value="FMBH"/>
        </identifiers>
        <balance>28260</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>741259.8</valUSD>
        <pctVal>0.0326432006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>1st Source Corporation</name>
        <lei>N/A</lei>
        <title>1st Source Corporation COM</title>
        <cusip>336901103</cusip>
        <identifiers>
          <isin value="US3369011032"/>
          <ticker value="SRCE"/>
        </identifiers>
        <balance>18308</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651398.64</valUSD>
        <pctVal>0.0286859431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fresh Del Monte Pr</name>
        <lei>529900I72V9F0FEZR228</lei>
        <title>Fresh Del Monte Pr COM STK USD0.01</title>
        <cusip>G36738105</cusip>
        <identifiers>
          <isin value="KYG367381053"/>
          <ticker value="FDP"/>
        </identifiers>
        <balance>99854</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2458405.48</valUSD>
        <pctVal>0.1082619390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>G-Iii Apparel Gp</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-Iii Apparel Gp COM</title>
        <cusip>36237H101</cusip>
        <identifiers>
          <isin value="US36237H1014"/>
          <ticker value="GIII"/>
        </identifiers>
        <balance>19663</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261321.27</valUSD>
        <pctVal>0.0115079256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Patent Devpmt Corp</name>
        <lei>5493006GWK1B65HI6Q32</lei>
        <title>National Patent Devpmt Corp COM</title>
        <cusip>36225V104</cusip>
        <identifiers>
          <isin value="US36225V1044"/>
          <ticker value="GPX"/>
        </identifiers>
        <balance>46230</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396653.4</valUSD>
        <pctVal>0.0174676092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genesco Inc</name>
        <lei>549300VY2Q511P1K5P56</lei>
        <title>Genesco Inc COM</title>
        <cusip>371532102</cusip>
        <identifiers>
          <isin value="US3715321028"/>
          <ticker value="GCO"/>
        </identifiers>
        <balance>150252</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3254458.32</valUSD>
        <pctVal>0.1433180861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glacier Bancorp</name>
        <lei>N/A</lei>
        <title>Glacier Bancorp COM</title>
        <cusip>37637Q105</cusip>
        <identifiers>
          <isin value="US37637Q1058"/>
          <ticker value="GBCI"/>
        </identifiers>
        <balance>66498</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2346714.42</valUSD>
        <pctVal>0.1033433482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPX Flow Incorporation</name>
        <lei>5493003YXEKRBINIEM78</lei>
        <title>SPX Flow Incorporation COM</title>
        <cusip>78469X107</cusip>
        <identifiers>
          <isin value="US78469X1072"/>
          <ticker value="FLOW"/>
        </identifiers>
        <balance>17023</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>637341.12</valUSD>
        <pctVal>0.0280668856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apple Hospitality Reit Inc</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>Apple Hospitality Reit Inc COM NEW</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
          <ticker value="APLE"/>
        </identifiers>
        <balance>469967</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4539881.22</valUSD>
        <pctVal>0.1999248488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XBiotech Inc</name>
        <lei>5299002WACAY28TQAS52</lei>
        <title>XBiotech Inc COM</title>
        <cusip>98400H102</cusip>
        <identifiers>
          <isin value="CA98400H1029"/>
          <ticker value="XBIT"/>
        </identifiers>
        <balance>48819</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669308.49</valUSD>
        <pctVal>0.0294746475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caleres Inc</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>Caleres Inc COM</title>
        <cusip>129500104</cusip>
        <identifiers>
          <isin value="US1295001044"/>
          <ticker value="CAL"/>
        </identifiers>
        <balance>113149</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>943662.66</valUSD>
        <pctVal>0.0415565090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DHI Group Inc</name>
        <lei>529900489RAC0CU0AO81</lei>
        <title>DHI Group Inc COM</title>
        <cusip>23331S100</cusip>
        <identifiers>
          <isin value="US23331S1006"/>
          <ticker value="DHX"/>
        </identifiers>
        <balance>89840</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188664</valUSD>
        <pctVal>0.0083082838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Civista Bancshares Inc</name>
        <lei>5493001LX61Z2UVYSC48</lei>
        <title>Civista Bancshares Inc COM NO PAR</title>
        <cusip>178867107</cusip>
        <identifiers>
          <isin value="US1788671071"/>
          <ticker value="CIVB"/>
        </identifiers>
        <balance>27138</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417925.2</valUSD>
        <pctVal>0.0184043653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CorEnergy Infrastructure Trust, Inc</name>
        <lei>549300RWMFYIPNXWXM78</lei>
        <title>CorEnergy Infrastructure Trust, Inc COM NEW</title>
        <cusip>21870U502</cusip>
        <identifiers>
          <isin value="US21870U5020"/>
          <ticker value="CORR"/>
        </identifiers>
        <balance>41427</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>379057.05</valUSD>
        <pctVal>0.0166927106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xenia Hotels &amp; Resorts Inc</name>
        <lei>54930075IWIPHF5IQL62</lei>
        <title>Xenia Hotels &amp; Resorts Inc COM</title>
        <cusip>984017103</cusip>
        <identifiers>
          <isin value="US9840171030"/>
          <ticker value="XHR"/>
        </identifiers>
        <balance>440939</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4113960.87</valUSD>
        <pctVal>0.1811683973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Materials Inc</name>
        <lei>N/A</lei>
        <title>Summit Materials Inc CL A</title>
        <cusip>86614U100</cusip>
        <identifiers>
          <isin value="US86614U1007"/>
          <ticker value="SUM"/>
        </identifiers>
        <balance>377745</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6074139.6</valUSD>
        <pctVal>0.2674896946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASTERLY GOVERNMENT PROPERTIES INC</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>EASTERLY GOVERNMENT PROPERTIES INC COM</title>
        <cusip>27616P103</cusip>
        <identifiers>
          <isin value="US27616P1030"/>
          <ticker value="DEA"/>
        </identifiers>
        <balance>125477</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2901028.24</valUSD>
        <pctVal>0.1277539222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wingstop Inc</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>Wingstop Inc COM</title>
        <cusip>974155103</cusip>
        <identifiers>
          <isin value="US9741551033"/>
          <ticker value="WING"/>
        </identifiers>
        <balance>24652</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3425888.44</valUSD>
        <pctVal>0.1508674335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Univar Solutions Usa Inc</name>
        <lei>549300VSXHFQVR770L55</lei>
        <title>Univar Solutions Usa Inc COM</title>
        <cusip>91336L107</cusip>
        <identifiers>
          <isin value="US91336L1070"/>
          <ticker value="UNVR"/>
        </identifiers>
        <balance>10965</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184869.9</valUSD>
        <pctVal>0.0081412013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Guaranty Bancshares, Inc.</name>
        <lei>549300600XNPWN48W622</lei>
        <title>First Guaranty Bancshares, Inc. COM</title>
        <cusip>32043P106</cusip>
        <identifiers>
          <isin value="US32043P1066"/>
          <ticker value="FGBI"/>
        </identifiers>
        <balance>16483</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201587.09</valUSD>
        <pctVal>0.0088773839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCHROCK INC</name>
        <lei>549300K3RIHMHDVFTL28</lei>
        <title>ARCHROCK INC COM</title>
        <cusip>03957W106</cusip>
        <identifiers>
          <isin value="US03957W1062"/>
          <ticker value="AROC"/>
        </identifiers>
        <balance>257032</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1668137.68</valUSD>
        <pctVal>0.0734605504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exterran Corporation</name>
        <lei>549300PVC7ZU5RSQHZ60</lei>
        <title>Exterran Corporation COM</title>
        <cusip>30227H106</cusip>
        <identifiers>
          <isin value="US30227H1068"/>
          <ticker value="EXTN"/>
        </identifiers>
        <balance>142204</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>766479.56</valUSD>
        <pctVal>0.0337538148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hersha Hospitality Trust</name>
        <lei>549300DNC58BIN1VO064</lei>
        <title>Hersha Hospitality Trust PR SHS BEN INT</title>
        <cusip>427825500</cusip>
        <identifiers>
          <isin value="US4278255009"/>
          <ticker value="HT"/>
        </identifiers>
        <balance>49956</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>287746.56</valUSD>
        <pctVal>0.0126716283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tegna Inc</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>Tegna Inc COM</title>
        <cusip>87901J105</cusip>
        <identifiers>
          <isin value="US87901J1051"/>
          <ticker value="TGNA"/>
        </identifiers>
        <balance>1137444</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12671126.16</valUSD>
        <pctVal>0.5580042425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viking Therapeutics Inc</name>
        <lei>529900IVC72YPFA25M37</lei>
        <title>Viking Therapeutics Inc COM</title>
        <cusip>92686J106</cusip>
        <identifiers>
          <isin value="US92686J1060"/>
          <ticker value="VKTX"/>
        </identifiers>
        <balance>297922</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2148017.62</valUSD>
        <pctVal>0.0945932453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stepan Co</name>
        <lei>IZU1EW9GB3WC7CYCSR17</lei>
        <title>Stepan Co COM</title>
        <cusip>858586100</cusip>
        <identifiers>
          <isin value="US8585861003"/>
          <ticker value="SCL"/>
        </identifiers>
        <balance>31969</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3104189.9</valUSD>
        <pctVal>0.1367006462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Superior Inds Intl</name>
        <lei>54930065O5ZIQD1F8U04</lei>
        <title>Superior Inds Intl COM</title>
        <cusip>868168105</cusip>
        <identifiers>
          <isin value="US8681681057"/>
          <ticker value="SUP"/>
        </identifiers>
        <balance>2430</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4131</valUSD>
        <pctVal>0.0001819188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Superior Group Of Companies Inc</name>
        <lei>UOX145EEO0TB0ZWX2152</lei>
        <title>Superior Group Of Companies Inc COM</title>
        <cusip>868358102</cusip>
        <identifiers>
          <isin value="US8683581024"/>
          <ticker value="SGC"/>
        </identifiers>
        <balance>25913</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>347234.2</valUSD>
        <pctVal>0.0152913130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tech Data Corporation</name>
        <lei>549300EK847TAWPJWF34</lei>
        <title>Tech Data Corporation COM</title>
        <cusip>878237106</cusip>
        <identifiers>
          <isin value="US8782371061"/>
          <ticker value="TECD"/>
        </identifiers>
        <balance>53229</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7712882.1</valUSD>
        <pctVal>0.3396557559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Capital Bancshares, Inc.</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>Texas Capital Bancshares, Inc. COM</title>
        <cusip>88224Q107</cusip>
        <identifiers>
          <isin value="US88224Q1076"/>
          <ticker value="TCBI"/>
        </identifiers>
        <balance>158157</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4882306.59</valUSD>
        <pctVal>0.2150043931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tompkins Finl Corp</name>
        <lei>N/A</lei>
        <title>Tompkins Finl Corp COM</title>
        <cusip>890110109</cusip>
        <identifiers>
          <isin value="US8901101092"/>
          <ticker value="TMP"/>
        </identifiers>
        <balance>44796</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2901436.92</valUSD>
        <pctVal>0.1277719194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trustmark Corp</name>
        <lei>5493000HPQ4D2RZ79739</lei>
        <title>Trustmark Corp COM</title>
        <cusip>898402102</cusip>
        <identifiers>
          <isin value="US8984021027"/>
          <ticker value="TRMK"/>
        </identifiers>
        <balance>187358</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4594018.16</valUSD>
        <pctVal>0.2023089022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB Finl Corp</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB Finl Corp COM</title>
        <cusip>902788108</cusip>
        <identifiers>
          <isin value="US9027881088"/>
          <ticker value="UMBF"/>
        </identifiers>
        <balance>243907</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12573405.85</valUSD>
        <pctVal>0.5537008880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Umpqua Holdings Co</name>
        <lei>5299002ENJ7CY215BW86</lei>
        <title>Umpqua Holdings Co COM</title>
        <cusip>904214103</cusip>
        <identifiers>
          <isin value="US9042141039"/>
          <ticker value="UMPQ"/>
        </identifiers>
        <balance>449320</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4780764.8</valUSD>
        <pctVal>0.2105327504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Cellular Corporation</name>
        <lei>N/A</lei>
        <title>United States Cellular Corporation COM</title>
        <cusip>911684108</cusip>
        <identifiers>
          <isin value="US9116841084"/>
          <ticker value="USM"/>
        </identifiers>
        <balance>109472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3379400.64</valUSD>
        <pctVal>0.1488202288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unitil Corp</name>
        <lei>N/A</lei>
        <title>Unitil Corp COM</title>
        <cusip>913259107</cusip>
        <identifiers>
          <isin value="US9132591077"/>
          <ticker value="UTL"/>
        </identifiers>
        <balance>45700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2048274</valUSD>
        <pctVal>0.0902007894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Corporation</name>
        <lei>549300BZXZ66F6DTIF20</lei>
        <title>Universal Corporation COM</title>
        <cusip>913456109</cusip>
        <identifiers>
          <isin value="US9134561094"/>
          <ticker value="UVV"/>
        </identifiers>
        <balance>236058</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10034825.58</valUSD>
        <pctVal>0.4419082547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Village Supermarkt</name>
        <lei>25490069686XCNNEMQ07</lei>
        <title>Village Supermarkt CL A NEW</title>
        <cusip>927107409</cusip>
        <identifiers>
          <isin value="US9271074091"/>
          <ticker value="VLGEA"/>
        </identifiers>
        <balance>38861</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1077226.92</valUSD>
        <pctVal>0.0474383400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vishay Intertechnology, Inc.</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>Vishay Intertechnology, Inc. COM</title>
        <cusip>928298108</cusip>
        <identifiers>
          <isin value="US9282981086"/>
          <ticker value="VSH"/>
        </identifiers>
        <balance>412066</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6292247.82</valUSD>
        <pctVal>0.2770946271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wabash National Corporation</name>
        <lei>5299004ZAWHQZI5XO485</lei>
        <title>Wabash National Corporation COM</title>
        <cusip>929566107</cusip>
        <identifiers>
          <isin value="US9295661071"/>
          <ticker value="WNC"/>
        </identifiers>
        <balance>23096</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245279.52</valUSD>
        <pctVal>0.0108014877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WSFS Financial Corporation</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS Financial Corporation COM</title>
        <cusip>929328102</cusip>
        <identifiers>
          <isin value="US9293281021"/>
          <ticker value="WSFS"/>
        </identifiers>
        <balance>207640</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5959268</valUSD>
        <pctVal>0.2624310408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Waddell &amp; Reed Financial Inc.</name>
        <lei>549300DZMO2208Z36F25</lei>
        <title>Waddell &amp; Reed Financial Inc. CL A</title>
        <cusip>930059100</cusip>
        <identifiers>
          <isin value="US9300591008"/>
          <ticker value="WDR"/>
        </identifiers>
        <balance>152296</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2362110.96</valUSD>
        <pctVal>0.1040213727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington Federal Inc</name>
        <lei>N/A</lei>
        <title>Washington Federal Inc COM</title>
        <cusip>938824109</cusip>
        <identifiers>
          <isin value="US9388241096"/>
          <ticker value="WAFD"/>
        </identifiers>
        <balance>222302</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5966585.68</valUSD>
        <pctVal>0.2627532928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Watts Water Technologies Incorporation</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>Watts Water Technologies Incorporation CL A</title>
        <cusip>942749102</cusip>
        <identifiers>
          <isin value="US9427491025"/>
          <ticker value="WTS"/>
        </identifiers>
        <balance>152730</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12371130</valUSD>
        <pctVal>0.5447931729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weingarten Realty Investors</name>
        <lei>549300JMKTJNB8GWHU88</lei>
        <title>Weingarten Realty Investors SH BEN INT</title>
        <cusip>948741103</cusip>
        <identifiers>
          <isin value="US9487411038"/>
          <ticker value="WRI"/>
        </identifiers>
        <balance>216884</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4105614.12</valUSD>
        <pctVal>0.1808008276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Werner Enterprises</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises COM</title>
        <cusip>950755108</cusip>
        <identifiers>
          <isin value="US9507551086"/>
          <ticker value="WERN"/>
        </identifiers>
        <balance>100930</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4393482.9</valUSD>
        <pctVal>0.1934778382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wesbanco Inc</name>
        <lei>N/A</lei>
        <title>Wesbanco Inc COM</title>
        <cusip>950810101</cusip>
        <identifiers>
          <isin value="US9508101014"/>
          <ticker value="WSBC"/>
        </identifiers>
        <balance>235976</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4792672.56</valUSD>
        <pctVal>0.2110571379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wesco International, Inc.</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>Wesco International, Inc. COM</title>
        <cusip>95082P105</cusip>
        <identifiers>
          <isin value="US95082P1057"/>
          <ticker value="WCC"/>
        </identifiers>
        <balance>177327</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6225950.97</valUSD>
        <pctVal>0.2741750821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westamerica Bancp</name>
        <lei>N/A</lei>
        <title>Westamerica Bancp COM</title>
        <cusip>957090103</cusip>
        <identifiers>
          <isin value="US9570901036"/>
          <ticker value="WABC"/>
        </identifiers>
        <balance>21776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1250377.92</valUSD>
        <pctVal>0.0550634707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vista Ootdoor Inc</name>
        <lei>549300QI2D33ESTJLN81</lei>
        <title>Vista Ootdoor Inc COM</title>
        <cusip>928377100</cusip>
        <identifiers>
          <isin value="US9283771007"/>
          <ticker value="VSTO"/>
        </identifiers>
        <balance>97843</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1413831.35</valUSD>
        <pctVal>0.0622615450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>World Acceptance Corporation</name>
        <lei>529900M7JQUDCH7Q9153</lei>
        <title>World Acceptance Corporation COM</title>
        <cusip>981419104</cusip>
        <identifiers>
          <isin value="US9814191048"/>
          <ticker value="WRLD"/>
        </identifiers>
        <balance>24397</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1598491.44</valUSD>
        <pctVal>0.0703935068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>World Fuel Service</name>
        <lei>D3W7PCXCBRQLL17DZ313</lei>
        <title>World Fuel Service COM</title>
        <cusip>981475106</cusip>
        <identifiers>
          <isin value="US9814751064"/>
          <ticker value="INT"/>
        </identifiers>
        <balance>179164</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4615264.64</valUSD>
        <pctVal>0.2032445433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nordic American Tankers Limited</name>
        <lei>213800W4T8AMPKIPIU94</lei>
        <title>Nordic American Tankers Limited USD0.01</title>
        <cusip>G65773106</cusip>
        <identifiers>
          <isin value="BMG657731060"/>
          <ticker value="NAT"/>
        </identifiers>
        <balance>249115</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1011406.9</valUSD>
        <pctVal>0.0445397934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAG Industrial, Inc.</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG Industrial, Inc. COM</title>
        <cusip>85254J102</cusip>
        <identifiers>
          <isin value="US85254J1025"/>
          <ticker value="STAG"/>
        </identifiers>
        <balance>538716</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15795153.12</valUSD>
        <pctVal>0.6955784624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Overseas Shipholding Group, Inc.</name>
        <lei>N/A</lei>
        <title>Overseas Shipholding Group, Inc. CL A NEW</title>
        <cusip>69036R863</cusip>
        <identifiers>
          <isin value="US69036R8631"/>
          <ticker value="OSG"/>
        </identifiers>
        <balance>145477</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270587.22</valUSD>
        <pctVal>0.0119159745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc COM</title>
        <cusip>42704L104</cusip>
        <identifiers>
          <isin value="US42704L1044"/>
          <ticker value="HRI"/>
        </identifiers>
        <balance>49256</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1513636.88</valUSD>
        <pctVal>0.0666567273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Integer Holdings Corporation</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corporation COM</title>
        <cusip>45826H109</cusip>
        <identifiers>
          <isin value="US45826H1095"/>
          <ticker value="ITGR"/>
        </identifiers>
        <balance>24144</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1763719.2</valUSD>
        <pctVal>0.0776697180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gms Inc</name>
        <lei>52990057RENOQO4U0D72</lei>
        <title>Gms Inc COM</title>
        <cusip>36251C103</cusip>
        <identifiers>
          <isin value="US36251C1036"/>
          <ticker value="GMS"/>
        </identifiers>
        <balance>71350</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1754496.5</valUSD>
        <pctVal>0.0772635737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atn International Inc</name>
        <lei>54930013NP7VEU877V56</lei>
        <title>Atn International Inc COM</title>
        <cusip>00215F107</cusip>
        <identifiers>
          <isin value="US00215F1075"/>
          <ticker value="ATNI"/>
        </identifiers>
        <balance>31119</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1884877.83</valUSD>
        <pctVal>0.0830052367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Triton International Limited</name>
        <lei>N/A</lei>
        <title>Triton International Limited COM USD0.01 CL A</title>
        <cusip>G9078F107</cusip>
        <identifiers>
          <isin value="BMG9078F1077"/>
          <ticker value="TRTN"/>
        </identifiers>
        <balance>266561</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8060804.64</valUSD>
        <pctVal>0.3549773817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Seaways Inc</name>
        <lei>549300YUFDGFRNGBWF46</lei>
        <title>International Seaways Inc COM NPV</title>
        <cusip>Y41053102</cusip>
        <identifiers>
          <isin value="MHY410531021"/>
          <ticker value="INSW"/>
        </identifiers>
        <balance>48804</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>797457.36</valUSD>
        <pctVal>0.0351179985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corecivic Inc</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>Corecivic Inc COM</title>
        <cusip>21871N101</cusip>
        <identifiers>
          <isin value="US21871N1019"/>
          <ticker value="CXW"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>936000</valUSD>
        <pctVal>0.0412190649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acushnet Holdings Corp</name>
        <lei>529900W5FI106H543E43</lei>
        <title>Acushnet Holdings Corp COM</title>
        <cusip>005098108</cusip>
        <identifiers>
          <isin value="US0050981085"/>
          <ticker value="GOLF"/>
        </identifiers>
        <balance>107072</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3725034.88</valUSD>
        <pctVal>0.1640410837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kemper Corporation</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corporation COM</title>
        <cusip>488401100</cusip>
        <identifiers>
          <isin value="US4884011002"/>
          <ticker value="KMPR"/>
        </identifiers>
        <balance>97097</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7041474.44</valUSD>
        <pctVal>0.3100886663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rlj Lodging Tr</name>
        <lei>549300RX5I8Z6I6LDZ74</lei>
        <title>Rlj Lodging Tr COM</title>
        <cusip>74965L101</cusip>
        <identifiers>
          <isin value="US74965L1017"/>
          <ticker value="RLJ"/>
        </identifiers>
        <balance>917230</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8658651.2</valUSD>
        <pctVal>0.3813050271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Donnelley Financial Solutions Inc</name>
        <lei>549300O1NPY4J56QCU04</lei>
        <title>Donnelley Financial Solutions Inc COM</title>
        <cusip>25787G100</cusip>
        <identifiers>
          <isin value="US25787G1004"/>
          <ticker value="DFIN"/>
        </identifiers>
        <balance>58036</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>487502.4</valUSD>
        <pctVal>0.0214683686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hope Bancorp Inc</name>
        <lei>549300UTF4QGMBHIZ219</lei>
        <title>Hope Bancorp Inc COM</title>
        <cusip>43940T109</cusip>
        <identifiers>
          <isin value="US43940T1097"/>
          <ticker value="HOPE"/>
        </identifiers>
        <balance>685434</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6319701.48</valUSD>
        <pctVal>0.2783036166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banner Corp</name>
        <lei>N/A</lei>
        <title>Banner Corp COM NEW</title>
        <cusip>06652V208</cusip>
        <identifiers>
          <isin value="US06652V2088"/>
          <ticker value="BANR"/>
        </identifiers>
        <balance>67855</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2578490</valUSD>
        <pctVal>0.1135501566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Bank of N.T. Butterfield &amp; Son Limited</name>
        <lei>549300V8RVM0EMTDPF28</lei>
        <title>The Bank of N.T. Butterfield &amp; Son Limited COM BMD0.01(POST REV SPLIT)</title>
        <cusip>G0772R208</cusip>
        <identifiers>
          <isin value="BMG0772R2087"/>
          <ticker value="NTB"/>
        </identifiers>
        <balance>56470</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1377303.3</valUSD>
        <pctVal>0.0606529424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington Prime Group Inc</name>
        <lei>549300RWGA2GV6YQYT67</lei>
        <title>Washington Prime Group Inc COM</title>
        <cusip>93964W108</cusip>
        <identifiers>
          <isin value="US93964W1080"/>
          <ticker value="WPG"/>
        </identifiers>
        <balance>566819</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>476581.42</valUSD>
        <pctVal>0.0209874364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc. COM</title>
        <cusip>205768302</cusip>
        <identifiers>
          <isin value="US2057683029"/>
          <ticker value="CRK"/>
        </identifiers>
        <balance>392220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1717923.6</valUSD>
        <pctVal>0.0756529960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Community Banks Inc</name>
        <lei>549300GVW0FV66X3U703</lei>
        <title>United Community Banks Inc COM</title>
        <cusip>90984P303</cusip>
        <identifiers>
          <isin value="US90984P3038"/>
          <ticker value="UCBI"/>
        </identifiers>
        <balance>343213</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6905445.56</valUSD>
        <pctVal>0.3040982996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Preferred Bank</name>
        <lei>5493007K6HGI9G0ECX16</lei>
        <title>Preferred Bank COM NEW</title>
        <cusip>740367404</cusip>
        <identifiers>
          <isin value="US7403674044"/>
          <ticker value="PFBC"/>
        </identifiers>
        <balance>40083</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1717556.55</valUSD>
        <pctVal>0.0756368321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penn Virginia Corporation</name>
        <lei>5493003S4AVU6OSXB118</lei>
        <title>Penn Virginia Corporation COM</title>
        <cusip>70788V102</cusip>
        <identifiers>
          <isin value="US70788V1026"/>
          <ticker value="PVAC"/>
        </identifiers>
        <balance>153888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1466552.64</valUSD>
        <pctVal>0.0645832568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ramaco Resources Inc</name>
        <lei>5493001BYUI4TCQOPF70</lei>
        <title>Ramaco Resources Inc COM</title>
        <cusip>75134P303</cusip>
        <identifiers>
          <isin value="US75134P3038"/>
          <ticker value="METC"/>
        </identifiers>
        <balance>72271</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>154659.94</valUSD>
        <pctVal>0.0068108313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mgp Ingredients Inc New</name>
        <lei>2549006OMHFVZ4MS8538</lei>
        <title>Mgp Ingredients Inc New COM</title>
        <cusip>55303J106</cusip>
        <identifiers>
          <isin value="US55303J1060"/>
          <ticker value="MGPI"/>
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        <balance>6700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245923.5</valUSD>
        <pctVal>0.0108298469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marriott Vacations Worldwide Corp</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>Marriott Vacations Worldwide Corp COM</title>
        <cusip>57164Y107</cusip>
        <identifiers>
          <isin value="US57164Y1073"/>
          <ticker value="VAC"/>
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        <balance>125618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10327055.78</valUSD>
        <pctVal>0.4547773311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Net Lease Inc</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc COM NEW</title>
        <cusip>379378201</cusip>
        <identifiers>
          <isin value="US3793782018"/>
          <ticker value="GNL"/>
        </identifiers>
        <balance>151363</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2532302.99</valUSD>
        <pctVal>0.1115161978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aegion Corporation</name>
        <lei>549300AG3DVJURRIT691</lei>
        <title>Aegion Corporation COM</title>
        <cusip>00770F104</cusip>
        <identifiers>
          <isin value="US00770F1049"/>
          <ticker value="AEGN"/>
        </identifiers>
        <balance>238033</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3777583.71</valUSD>
        <pctVal>0.1663552008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Laureate Education, Inc.</name>
        <lei>5JL7TMOH5TY3IUYSUP91</lei>
        <title>Laureate Education, Inc. CL A</title>
        <cusip>518613203</cusip>
        <identifiers>
          <isin value="US5186132032"/>
          <ticker value="LAUR"/>
        </identifiers>
        <balance>321676</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3205501.34</valUSD>
        <pctVal>0.1411621449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOUNDATION BUILDING MATERIALS INC</name>
        <lei>549300ZVE6MONHB01I28</lei>
        <title>FOUNDATION BUILDING MATERIALS INC COM</title>
        <cusip>350392106</cusip>
        <identifiers>
          <isin value="US3503921062"/>
          <ticker value="FBM"/>
        </identifiers>
        <balance>72736</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1135408.96</valUSD>
        <pctVal>0.0500005294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Varex Imaging Corporation</name>
        <lei>549300CWYWPVCT8E9W67</lei>
        <title>Varex Imaging Corporation COM</title>
        <cusip>92214X106</cusip>
        <identifiers>
          <isin value="US92214X1063"/>
          <ticker value="VREX"/>
        </identifiers>
        <balance>64924</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>983598.6</valUSD>
        <pctVal>0.0433151864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Jounce Therapeutics Inc</name>
        <lei>5493004MZJQIV2K8ZT61</lei>
        <title>Jounce Therapeutics Inc COM</title>
        <cusip>481116101</cusip>
        <identifiers>
          <isin value="US4811161011"/>
          <ticker value="JNCE"/>
        </identifiers>
        <balance>57618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397564.2</valUSD>
        <pctVal>0.0175077185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Park Hotels &amp; Resorts Inc.</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>Park Hotels &amp; Resorts Inc. COM</title>
        <cusip>700517105</cusip>
        <identifiers>
          <isin value="US7005171050"/>
          <ticker value="PK"/>
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        <balance>437538</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4327250.82</valUSD>
        <pctVal>0.1905611455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Propetro Holding Cor</name>
        <lei>N/A</lei>
        <title>Propetro Holding Cor COM</title>
        <cusip>74347M108</cusip>
        <identifiers>
          <isin value="US74347M1080"/>
          <ticker value="PUMP"/>
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        <balance>408972</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2102116.08</valUSD>
        <pctVal>0.0925718579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Renewable Energy Group Inc</name>
        <lei>549300HPU3BD8ZI0X358</lei>
        <title>Renewable Energy Group Inc COM NEW</title>
        <cusip>75972A301</cusip>
        <identifiers>
          <isin value="US75972A3014"/>
          <ticker value="REGI"/>
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        <balance>148298</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3674824.44</valUSD>
        <pctVal>0.1618299433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Warrior Met Coal Inc</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>Warrior Met Coal Inc COM</title>
        <cusip>93627C101</cusip>
        <identifiers>
          <isin value="US93627C1018"/>
          <ticker value="HCC"/>
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        <balance>316321</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4868180.19</valUSD>
        <pctVal>0.2143823023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peabody Energy Co</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Co COM</title>
        <cusip>704551100</cusip>
        <identifiers>
          <isin value="US7045511000"/>
          <ticker value="BTU"/>
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        <balance>245326</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>706538.88</valUSD>
        <pctVal>0.0311141794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schneider National Inc</name>
        <lei>529900V6GZ6G6E3BLV72</lei>
        <title>Schneider National Inc CL B</title>
        <cusip>80689H102</cusip>
        <identifiers>
          <isin value="US80689H1023"/>
          <ticker value="SNDR"/>
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        <balance>274178</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6763971.26</valUSD>
        <pctVal>0.2978681304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telephone and Data Systems Inc.</name>
        <lei>N/A</lei>
        <title>Telephone and Data Systems Inc. COM NEW</title>
        <cusip>879433829</cusip>
        <identifiers>
          <isin value="US8794338298"/>
          <ticker value="TDS"/>
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        <balance>257836</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5125779.68</valUSD>
        <pctVal>0.2257263302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rexnord Corporation (New)</name>
        <lei>549300AM3633XDFU1Q85</lei>
        <title>Rexnord Corporation (New) COM</title>
        <cusip>76169B102</cusip>
        <identifiers>
          <isin value="US76169B1026"/>
          <ticker value="RXN"/>
        </identifiers>
        <balance>41657</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1214301.55</valUSD>
        <pctVal>0.0534747589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delek Us Holdings</name>
        <lei>5493003O53JMENV1N385</lei>
        <title>Delek Us Holdings COM</title>
        <cusip>24665A103</cusip>
        <identifiers>
          <isin value="US24665A1034"/>
          <ticker value="DK"/>
        </identifiers>
        <balance>463709</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8073173.69</valUSD>
        <pctVal>0.3555220832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gaslog Ltd</name>
        <lei>549300QH0H78JQK1Z820</lei>
        <title>Gaslog Ltd COM USD0.01</title>
        <cusip>G37585109</cusip>
        <identifiers>
          <isin value="BMG375851091"/>
          <ticker value="GLOG"/>
        </identifiers>
        <balance>32337</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90866.97</valUSD>
        <pctVal>0.0040015508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retail Properties of America Inc.</name>
        <lei>549300OVTYLM7DH6CM14</lei>
        <title>Retail Properties of America Inc. CL A</title>
        <cusip>76131V202</cusip>
        <identifiers>
          <isin value="US76131V2025"/>
          <ticker value="RPAI"/>
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        <balance>87934</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643676.88</valUSD>
        <pctVal>0.0283458964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interface, Inc.</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc. COM</title>
        <cusip>458665304</cusip>
        <identifiers>
          <isin value="US4586653044"/>
          <ticker value="TILE"/>
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        <balance>23773</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193512.22</valUSD>
        <pctVal>0.0085217871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIMPLY GOOD FOODS COMPANY</name>
        <lei>N/A</lei>
        <title>SIMPLY GOOD FOODS COMPANY COM</title>
        <cusip>82900L102</cusip>
        <identifiers>
          <isin value="US82900L1026"/>
          <ticker value="SMPL"/>
        </identifiers>
        <balance>83560</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1552544.8</valUSD>
        <pctVal>0.0683701333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caesarstone Limited</name>
        <lei>254900MJ7IXAH75VFC61</lei>
        <title>Caesarstone Limited ILS0.04</title>
        <cusip>M20598104</cusip>
        <identifiers>
          <isin value="IL0011259137"/>
          <ticker value="CSTE"/>
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        <balance>51789</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>613699.65</valUSD>
        <pctVal>0.0270257753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HomeStreet, Inc.</name>
        <lei>N/A</lei>
        <title>HomeStreet, Inc. COM</title>
        <cusip>43785V102</cusip>
        <identifiers>
          <isin value="US43785V1026"/>
          <ticker value="HMST"/>
        </identifiers>
        <balance>78416</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1929817.76</valUSD>
        <pctVal>0.0849842771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Adtalem Global Education Inc</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>Adtalem Global Education Inc COM</title>
        <cusip>00737L103</cusip>
        <identifiers>
          <isin value="US00737L1035"/>
          <ticker value="ATGE"/>
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        <balance>308012</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9594573.8</valUSD>
        <pctVal>0.4225206835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bonanza Creek Energy, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Bonanza Creek Energy, Inc. COM NEW</title>
        <cusip>097793400</cusip>
        <identifiers>
          <isin value="US0977934001"/>
          <ticker value="BCEI"/>
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        <balance>178300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2642406</valUSD>
        <pctVal>0.1163648550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Matador Resources Company</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Company COM</title>
        <cusip>576485205</cusip>
        <identifiers>
          <isin value="US5764852050"/>
          <ticker value="MTDR"/>
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        <balance>118726</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1009171</valUSD>
        <pctVal>0.0444413300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED FIRE GROUP INC</name>
        <lei>N/A</lei>
        <title>UNITED FIRE GROUP INC COM</title>
        <cusip>910340108</cusip>
        <identifiers>
          <isin value="US9103401082"/>
          <ticker value="UFCS"/>
        </identifiers>
        <balance>147958</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4099916.18</valUSD>
        <pctVal>0.1805499048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Earthstone Energy Inc</name>
        <lei>54930081UTV7CK45XG14</lei>
        <title>Earthstone Energy Inc CL A</title>
        <cusip>27032D304</cusip>
        <identifiers>
          <isin value="US27032D3044"/>
          <ticker value="ESTE"/>
        </identifiers>
        <balance>50511</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143451.24</valUSD>
        <pctVal>0.0063172286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Matson Inc</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
        <title>Matson Inc COM</title>
        <cusip>57686G105</cusip>
        <identifiers>
          <isin value="US57686G1058"/>
          <ticker value="MATX"/>
        </identifiers>
        <balance>60691</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1766108.1</valUSD>
        <pctVal>0.0777749191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs Inc COM</title>
        <cusip>185899101</cusip>
        <identifiers>
          <isin value="US1858991011"/>
          <ticker value="CLF"/>
        </identifiers>
        <balance>136888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>755621.76</valUSD>
        <pctVal>0.0332756649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DHT Holdings, Inc.</name>
        <lei>549300SMD6IVZYT74K40</lei>
        <title>DHT Holdings, Inc. COM USD0.01</title>
        <cusip>Y2065G121</cusip>
        <identifiers>
          <isin value="MHY2065G1219"/>
          <ticker value="DHT"/>
        </identifiers>
        <balance>807668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4143336.84</valUSD>
        <pctVal>0.1824620405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blucora, Inc.</name>
        <lei>5299001IO03J69IP6L77</lei>
        <title>Blucora, Inc. COM</title>
        <cusip>095229100</cusip>
        <identifiers>
          <isin value="US0952291005"/>
          <ticker value="BCOR"/>
        </identifiers>
        <balance>18714</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>213713.88</valUSD>
        <pctVal>0.0094114170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pq Group Holdings Inc</name>
        <lei>N/A</lei>
        <title>Pq Group Holdings Inc COM</title>
        <cusip>73943T103</cusip>
        <identifiers>
          <isin value="US73943T1034"/>
          <ticker value="PQG"/>
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        <balance>355546</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4707429.04</valUSD>
        <pctVal>0.2073032296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PDC Energy, Inc.</name>
        <lei>5493008W8H2T511J5Y59</lei>
        <title>PDC Energy, Inc. COM</title>
        <cusip>69327R101</cusip>
        <identifiers>
          <isin value="US69327R1014"/>
          <ticker value="PDCE"/>
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        <balance>419231</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5215233.64</valUSD>
        <pctVal>0.2296656556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp COM</title>
        <cusip>801056102</cusip>
        <identifiers>
          <isin value="US8010561020"/>
          <ticker value="SANM"/>
        </identifiers>
        <balance>188205</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4712653.2</valUSD>
        <pctVal>0.2075332883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Logistics Properties Trust</name>
        <lei>5493004XH9PJW009HR47</lei>
        <title>Industrial Logistics Properties Trust COM SHS BEN INT</title>
        <cusip>456237106</cusip>
        <identifiers>
          <isin value="US4562371066"/>
          <ticker value="ILPT"/>
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        <balance>121414</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2495057.7</valUSD>
        <pctVal>0.1098760098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Bank Holding Corp</name>
        <lei>N/A</lei>
        <title>Metropolitan Bank Holding Corp COM</title>
        <cusip>591774104</cusip>
        <identifiers>
          <isin value="US5917741044"/>
          <ticker value="MCB"/>
        </identifiers>
        <balance>14035</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>450242.8</valUSD>
        <pctVal>0.0198275504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cannae Holdings Incorporation</name>
        <lei>549300OGRF1ICI7D2V77</lei>
        <title>Cannae Holdings Incorporation COM</title>
        <cusip>13765N107</cusip>
        <identifiers>
          <isin value="US13765N1072"/>
          <ticker value="CNNE"/>
        </identifiers>
        <balance>133680</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5494248</valUSD>
        <pctVal>0.2419527400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Manitowoc Company, Inc.</name>
        <lei>2RTSLGQ89VMY18RHX631</lei>
        <title>The Manitowoc Company, Inc. COM NEW</title>
        <cusip>563571405</cusip>
        <identifiers>
          <isin value="US5635714059"/>
          <ticker value="MTW"/>
        </identifiers>
        <balance>34509</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375457.92</valUSD>
        <pctVal>0.0165342141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beazer Homes USA, Inc.</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>Beazer Homes USA, Inc. COM NEW</title>
        <cusip>07556Q881</cusip>
        <identifiers>
          <isin value="US07556Q8814"/>
          <ticker value="BZH"/>
        </identifiers>
        <balance>202441</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2038580.87</valUSD>
        <pctVal>0.0897739285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyster-Yale Materials Handling, Inc.</name>
        <lei>N/A</lei>
        <title>Hyster-Yale Materials Handling, Inc. CL A</title>
        <cusip>449172105</cusip>
        <identifiers>
          <isin value="US4491721050"/>
          <ticker value="HY"/>
        </identifiers>
        <balance>39881</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1541799.46</valUSD>
        <pctVal>0.0678969358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNX Resources Corporation</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corporation COM</title>
        <cusip>12653C108</cusip>
        <identifiers>
          <isin value="US12653C1080"/>
          <ticker value="CNX"/>
        </identifiers>
        <balance>405350</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3506277.5</valUSD>
        <pctVal>0.1544075637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avaya Holdings Corp</name>
        <lei>549300NZS2OZN6Q63A60</lei>
        <title>Avaya Holdings Corp COM</title>
        <cusip>05351X101</cusip>
        <identifiers>
          <isin value="US05351X1019"/>
          <ticker value="AVYA"/>
        </identifiers>
        <balance>322864</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3990599.04</valUSD>
        <pctVal>0.1757358554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bancorpsouth Bank</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>Bancorpsouth Bank COM</title>
        <cusip>05971J102</cusip>
        <identifiers>
          <isin value="US05971J1025"/>
          <ticker value="BXS"/>
        </identifiers>
        <balance>681537</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15498151.38</valUSD>
        <pctVal>0.6824992595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PBF Energy Inc</name>
        <lei>2549003PBEDCSZMZIY02</lei>
        <title>PBF Energy Inc CL A</title>
        <cusip>69318G106</cusip>
        <identifiers>
          <isin value="US69318G1067"/>
          <ticker value="PBF"/>
        </identifiers>
        <balance>44339</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454031.36</valUSD>
        <pctVal>0.0199943890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRI Pointe Group Inc</name>
        <lei>N/A</lei>
        <title>TRI Pointe Group Inc COM</title>
        <cusip>87265H109</cusip>
        <identifiers>
          <isin value="US87265H1095"/>
          <ticker value="TPH"/>
        </identifiers>
        <balance>620847</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9120242.43</valUSD>
        <pctVal>0.4016323336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navigator Holdings Ltd</name>
        <lei>213800H7RVOFYARK2W19</lei>
        <title>Navigator Holdings Ltd ORD SHS</title>
        <cusip>Y62132108</cusip>
        <identifiers>
          <isin value="MHY621321089"/>
          <ticker value="NVGS"/>
        </identifiers>
        <balance>77112</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495830.16</valUSD>
        <pctVal>0.0218351021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hannon Armstrong Sustainable Infrastructure Capital, Inc.</name>
        <lei>N/A</lei>
        <title>Hannon Armstrong Sustainable Infrastructure Capital, Inc. COM</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
          <ticker value="HASI"/>
        </identifiers>
        <balance>189316</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5387933.36</valUSD>
        <pctVal>0.2372709130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OFG Bancorp</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
        <title>OFG Bancorp COM</title>
        <cusip>67103X102</cusip>
        <identifiers>
          <isin value="PR67103X1020"/>
          <ticker value="OFG"/>
        </identifiers>
        <balance>139139</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1860288.43</valUSD>
        <pctVal>0.0819223819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemisphere Media Group Inc</name>
        <lei>549300PUEQ0HSP3IRZ09</lei>
        <title>Hemisphere Media Group Inc CL A</title>
        <cusip>42365Q103</cusip>
        <identifiers>
          <isin value="US42365Q1031"/>
          <ticker value="HMTV"/>
        </identifiers>
        <balance>84035</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>826064.05</valUSD>
        <pctVal>0.0363777646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taylor Morrison Home Corp</name>
        <lei>5299009UDLLGLKOOJE30</lei>
        <title>Taylor Morrison Home Corp COM</title>
        <cusip>87724P106</cusip>
        <identifiers>
          <isin value="US87724P1066"/>
          <ticker value="TMHC"/>
        </identifiers>
        <balance>333317</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6429684.93</valUSD>
        <pctVal>0.2831470087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blackstone Mortgage Trust, Inc</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>Blackstone Mortgage Trust, Inc COM CL A</title>
        <cusip>09257W100</cusip>
        <identifiers>
          <isin value="US09257W1009"/>
          <ticker value="BXMT"/>
        </identifiers>
        <balance>309158</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7447616.22</valUSD>
        <pctVal>0.3279741196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Independent Bank Group Inc</name>
        <lei>N/A</lei>
        <title>Independent Bank Group Inc COM</title>
        <cusip>45384B106</cusip>
        <identifiers>
          <isin value="US45384B1061"/>
          <ticker value="IBTX"/>
        </identifiers>
        <balance>44545</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1804963.4</valUSD>
        <pctVal>0.0794860080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tristate Cap Hldgs Inc</name>
        <lei>5493003JKSPN0881WX29</lei>
        <title>Tristate Cap Hldgs Inc COM</title>
        <cusip>89678F100</cusip>
        <identifiers>
          <isin value="US89678F1003"/>
          <ticker value="TSC"/>
        </identifiers>
        <balance>50491</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>793213.61</valUSD>
        <pctVal>0.0349311146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boise Cascade Co</name>
        <lei>N/A</lei>
        <title>Boise Cascade Co COM</title>
        <cusip>09739D100</cusip>
        <identifiers>
          <isin value="US09739D1000"/>
          <ticker value="BCC"/>
        </identifiers>
        <balance>152281</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5727288.41</valUSD>
        <pctVal>0.2522152483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orchid Island Capital Inc.</name>
        <lei>549300KBIHGT19K9DY89</lei>
        <title>Orchid Island Capital Inc. COM</title>
        <cusip>68571X103</cusip>
        <identifiers>
          <isin value="US68571X1037"/>
          <ticker value="ORC"/>
        </identifiers>
        <balance>857544</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4039032.24</valUSD>
        <pctVal>0.1778687306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDEPENDENCE REALTY TRUST INC</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>INDEPENDENCE REALTY TRUST INC COM</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
          <ticker value="IRT"/>
        </identifiers>
        <balance>182539</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2097373.11</valUSD>
        <pctVal>0.0923629896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RE/MAX Holdings, Inc</name>
        <lei>54930033W2KS56JHAN30</lei>
        <title>RE/MAX Holdings, Inc CL A</title>
        <cusip>75524W108</cusip>
        <identifiers>
          <isin value="US75524W1080"/>
          <ticker value="RMAX"/>
        </identifiers>
        <balance>30179</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>948525.97</valUSD>
        <pctVal>0.0417706768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHYSICIANS REALTY TRUST</name>
        <lei>549300ITOVH0OY7PZC34</lei>
        <title>PHYSICIANS REALTY TRUST COM</title>
        <cusip>71943U104</cusip>
        <identifiers>
          <isin value="US71943U1043"/>
          <ticker value="DOC"/>
        </identifiers>
        <balance>661333</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11586554.16</valUSD>
        <pctVal>0.5102424438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rexford Industrial Realty, Inc.</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>Rexford Industrial Realty, Inc. COM</title>
        <cusip>76169C100</cusip>
        <identifiers>
          <isin value="US76169C1009"/>
          <ticker value="REXR"/>
        </identifiers>
        <balance>32483</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1345770.69</valUSD>
        <pctVal>0.0592643262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ardmore Shipping Corporation</name>
        <lei>549300J8HD7K6BHD8O28</lei>
        <title>Ardmore Shipping Corporation COM USD0.01</title>
        <cusip>Y0207T100</cusip>
        <identifiers>
          <isin value="MHY0207T1001"/>
          <ticker value="ASC"/>
        </identifiers>
        <balance>241373</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1047558.82</valUSD>
        <pctVal>0.0461318322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essent Group Limited</name>
        <lei>254900QUO860OUT6ZF83</lei>
        <title>Essent Group Limited COM USD0.015</title>
        <cusip>G3198U102</cusip>
        <identifiers>
          <isin value="BMG3198U1027"/>
          <ticker value="ESNT"/>
        </identifiers>
        <balance>39303</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1425519.81</valUSD>
        <pctVal>0.0627762751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NMI Holdings Inc</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings Inc CL A</title>
        <cusip>629209305</cusip>
        <identifiers>
          <isin value="US6292093050"/>
          <ticker value="NMIH"/>
        </identifiers>
        <balance>25994</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417983.52</valUSD>
        <pctVal>0.0184069336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phibro Animal Health Corporation</name>
        <lei>549300U24SP4AF2JUX52</lei>
        <title>Phibro Animal Health Corporation CL A COM</title>
        <cusip>71742Q106</cusip>
        <identifiers>
          <isin value="US71742Q1067"/>
          <ticker value="PAHC"/>
        </identifiers>
        <balance>7848</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>206166.96</valUSD>
        <pctVal>0.0090790698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Investors Bancorp</name>
        <lei>N/A</lei>
        <title>Investors Bancorp COM</title>
        <cusip>46146L101</cusip>
        <identifiers>
          <isin value="US46146L1017"/>
          <ticker value="ISBC"/>
        </identifiers>
        <balance>651088</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5534248</valUSD>
        <pctVal>0.2437142385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Endo International plc</name>
        <lei>5493007TBMWZWGZIB256</lei>
        <title>Endo International plc COM USD0.0001</title>
        <cusip>G30401106</cusip>
        <identifiers>
          <isin value="IE00BJ3V9050"/>
          <ticker value="ENDP"/>
        </identifiers>
        <balance>365269</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1252872.67</valUSD>
        <pctVal>0.0551733332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intra-Cellular Therapies Inc</name>
        <lei>5299002U2KGF193IJA20</lei>
        <title>Intra-Cellular Therapies Inc COM</title>
        <cusip>46116X101</cusip>
        <identifiers>
          <isin value="US46116X1019"/>
          <ticker value="ITCI"/>
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        <balance>69816</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1792176.72</valUSD>
        <pctVal>0.0789229150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONE Gas, Inc.</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE Gas, Inc. COM</title>
        <cusip>68235P108</cusip>
        <identifiers>
          <isin value="US68235P1084"/>
          <ticker value="OGS"/>
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        <balance>12504</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>963433.2</valUSD>
        <pctVal>0.0424271534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Knowles Corporation</name>
        <lei>5493003EO323TDZQU148</lei>
        <title>Knowles Corporation COM</title>
        <cusip>49926D109</cusip>
        <identifiers>
          <isin value="US49926D1090"/>
          <ticker value="KN"/>
        </identifiers>
        <balance>434774</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6634651.24</valUSD>
        <pctVal>0.2921732049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ladder Capital Corporation</name>
        <lei>549300Q6LLV2QCV67C06</lei>
        <title>Ladder Capital Corporation CL A</title>
        <cusip>505743104</cusip>
        <identifiers>
          <isin value="US5057431042"/>
          <ticker value="LADR"/>
        </identifiers>
        <balance>566091</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4585337.1</valUSD>
        <pctVal>0.2019266104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lands End Inc</name>
        <lei>54930016WOL7P2P67Q43</lei>
        <title>Lands End Inc COM</title>
        <cusip>51509F105</cusip>
        <identifiers>
          <isin value="US51509F1057"/>
          <ticker value="LE"/>
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        <balance>54790</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440511.6</valUSD>
        <pctVal>0.0193990130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corporation COM</title>
        <cusip>63938C108</cusip>
        <identifiers>
          <isin value="US63938C1080"/>
          <ticker value="NAVI"/>
        </identifiers>
        <balance>327120</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2299653.6</valUSD>
        <pctVal>0.1012709091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcbest Corporation</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>Arcbest Corporation COM</title>
        <cusip>03937C105</cusip>
        <identifiers>
          <isin value="US03937C1053"/>
          <ticker value="ARCB"/>
        </identifiers>
        <balance>150879</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3999802.29</valUSD>
        <pctVal>0.1761411432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GWG Holdings, Inc.</name>
        <lei>549300WBXPV39HBYVV60</lei>
        <title>GWG Holdings, Inc. COM</title>
        <cusip>36192A109</cusip>
        <identifiers>
          <isin value="US36192A1097"/>
          <ticker value="GWGH"/>
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        <balance>7314</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56098.38</valUSD>
        <pctVal>0.0024704303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PANGAEA LOGISTICS SOLUTIONS LTD</name>
        <lei>N/A</lei>
        <title>PANGAEA LOGISTICS SOLUTIONS LTD COM USD0.0001</title>
        <cusip>G6891L105</cusip>
        <identifiers>
          <isin value="BMG6891L1054"/>
          <ticker value="PANL"/>
        </identifiers>
        <balance>45061</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113103.11</valUSD>
        <pctVal>0.0049807740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERITEX HLDGS INC</name>
        <lei>549300F3SMOML02SC814</lei>
        <title>VERITEX HLDGS INC COM</title>
        <cusip>923451108</cusip>
        <identifiers>
          <isin value="US9234511080"/>
          <ticker value="VBTX"/>
        </identifiers>
        <balance>87822</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1554449.4</valUSD>
        <pctVal>0.0684540071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enova International, Incorporation</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Incorporation COM</title>
        <cusip>29357K103</cusip>
        <identifiers>
          <isin value="US29357K1034"/>
          <ticker value="ENVA"/>
        </identifiers>
        <balance>126917</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1887255.79</valUSD>
        <pctVal>0.0831099560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESCROW DLB OIL &amp; GAS</name>
        <lei>N/A</lei>
        <title>ESCROW DLB OIL &amp; GAS</title>
        <cusip>23322J994</cusip>
        <identifiers>
          <isin value="N/A"/>
        </identifiers>
        <balance>2100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>FUT SEP 20 CME EMINIRUS2K</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="RTYU0"/>
          <other otherDesc="NT_ID" value="9533422"/>
        </identifiers>
        <balance>1242</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>89274960</valUSD>
        <pctVal>3.9314426988</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Russell 2000 Index</indexName>
                <indexIdentifier>RTY</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-09-18</expDate>
            <notionalAmt>89274960</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2359662.59</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>FUT SEP 20 EMINI S&amp;P 500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="ESU0"/>
          <other otherDesc="NT_ID" value="9519512"/>
        </identifiers>
        <balance>141</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21785910</valUSD>
        <pctVal>0.9593961936</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Standard and Poor's 500 Index</indexName>
                <indexIdentifier>SPX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-09-18</expDate>
            <notionalAmt>21785910</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>223334.15</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
